Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 26 pip movement on CL within 2 hours following the event release at 08 Mar 23:30 UTC. We expect CL to trend downwards 2 hours following the event release at 08 Mar 23:30 UTC if the released value is < 99.2 Historical events that allowed us to draw this conclusion

08 Feb 23:30

14 Dec 23:30

13 Oct 00:30

11 Aug 00:30

19 May 00:30