Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $150 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend downwards for 4 hours because the released value is > 37.4%

Historical events that allowed us to draw this conclusion

12 Mar 21:00	13 Jan 21:00
14 Sep 19:00	12 Jun 19:00

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