Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect DX to trend downwards later today. Based on these past events there is a 80% chance of this. We expect DX to trend downwards 2 hours following the event release at 08 Feb 23:30 if the released value is > 102. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

15 Sep 00:30

14 Jul 00:30

14 Apr 00:30

09 Feb 23:30