Based on past Australia Westpac Consumer Confidence Index news events there is a 80% chance of AUDUSD trending upwards. We expect this to happen because the released value is < 114. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

19 May 10:30	20 Jan 10:30
11 Nov 10:30	15 Jul 10:30

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