Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 27 pip movement on AUDUSD within 2 hours following the event release at 23 Jul 14:00 UTC. We expect AUDUSD to trend downwards 2 hours following the event release at 23 Jul 14:00 UTC if the released value is > -12

Historical events that allowed us to draw this conclusion

23 Mar 15:00

20 Feb 15:00

21 Nov 15:00

20 Sep 14:00

23 Jul 14:00