Australia Westpac Consumer Confidence Index News Event – a $150 opportunity on AUDUSD

We expect a $150 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend downwards 4 hours following the Westpac Consumer Confidence Index events in Australia release because the released value is > 104. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

13 Nov 23:30

15 Aug 01:30

11 Jul 01:30

13 Jun 01:30

17 Jan 23:30

14 Nov 23:50

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

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