We expect EURUSD to trend downwards for the next 12 hours. Based on these past Australia Westpac Consumer Confidence Index news events there is a 80% chance of this. We expect this to happen because the released value is > 77. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

12 Feb 10:30	13 Nov 10:30
11 Sep 10:30

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