Based on the last 12 Business Confidence events in Euro Area, we expect AUDUSD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend downwards for 2 hours because the released value is > -3. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
30 Oct 10:00 |
29 Aug 09:00 |