Based on past United States Michigan Consumer Sentiment Prel news events there is a 71.43% chance of AUDUSD trending upwards. We expect this to happen if the released value is > 89.6. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

13 Mar 02:00	12 Dec 02:00
17 Oct 01:00	19 Sep 00:00
15 Aug 00:00

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