Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect AUDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-01-17 10:30 if the released value is > 78.4. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

11 Oct 10:30

13 Apr 10:30

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