Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $650 movement on AUDUSD within 12 hours following the event release at 15 Dec 10:30. We expect AUDUSD to trend upwards 12 hours following the event release at 15 Dec 10:30 if the released value is > 106

Historical events that allowed us to draw this conclusion

15 Sep 10:30	14 Jul 10:30
14 Apr 10:30	09 Dec 12:30

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