We expect AUDUSD to trend downwards with a 80% chance.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect AUDUSD to trend downwards. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for 12 hours because the released value is < 95.9. A price movement of 23 pips is expected.Historical events that allowed us to draw this conclusion

19 Jul 14:00
14 Jun 14:00
12 Apr 14:00
18 Jan 15:00

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

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