Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. This may happen because the released value is < -12.4% Historical events that allowed us to draw this conclusion

15 Jan 21:00	14 Oct 20:00
12 Sep 19:00	14 Aug 19:00

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