We expect AUDUSD to trend upwards for the next 12 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of this. We expect this to happen because the released value is > 94.5. A price movement of 71 pips is expected.

Historical events that allowed us to draw this conclusion

09 Sep 10:30	10 Jun 10:30
13 May 10:30	12 Feb 10:30

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