Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $310 movement on EURUSD within the next 12 hours. We expect EURUSD to trend upwards for the next 12 hours because the released value is > 110

Historical events that allowed us to draw this conclusion

10 Feb 10:30	14 Oct 10:30
09 Sep 10:30	10 Jun 10:30
13 May 10:30

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