Based on the last 12 Industrial Production YoY events in Euro Area, we expect AUDUSD to trend upwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards for the next 4 hours because the released value is < -5.8%. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion

12 Aug 19:00	14 Jul 19:00
13 May 19:00	12 Feb 21:00

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