We expect AUDUSD to trend upwards later today. Based on these past Australia Westpac Consumer Confidence Index news events there is a 75% chance of this. We expect this to happen if the released value is > 79.7. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jan 10:30	11 Oct 10:30
13 Apr 10:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).