Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $1530 movement on EURUSD within 48 hours following the event release at 2023-05-16 10:30. We expect EURUSD to trend downwards 48 hours following the event release at 2023-05-16 10:30 if the released value is < 82.1 Historical events that allowed us to draw this conclusion

14 Mar 10:30	14 Feb 10:30
08 Nov 10:30	11 May 10:30

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