Past performance is not an indicator of future results.
Based on past Australia Westpac Consumer Confidence Index news events there is a 75% chance of AUDUSD trending upwards. We expect this to happen because the released value is < 102.5. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
10 Oct 00:30 |
12 Sep 01:30 |
16 May 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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