We expect AUDUSD to trend upwards for the next 48 hours. Based on these past Euro Area Business Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is < -0.05. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 21:00	28 Nov 21:00
27 Jun 19:00	28 May 19:00
29 Apr 19:00	28 Mar 21:00

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