Australia Westpac Consumer Confidence Index News Event – a possible $190 movement on AUDUSD

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $190 movement on AUDUSD within 2 hours following the event release at 11 Aug 00:30. We expect AUDUSD to trend downwards 2 hours following the event release at 11 Aug 00:30 if the released value is < 109 Historical events that allowed us to draw this conclusion

09 Jun 00:30
19 May 00:30
19 Jan 23:30
12 Aug 00:30