We expect a $170 movement on AUDUSD within the next 2 hours. We expect AUDUSD to trend upwards 2 hours following the Westpac Consumer Confidence Index events in Australia release because the released value is < 87. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

15 Jul 10:30	11 Mar 10:30
11 Dec 10:30	09 Oct 11:30

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