What to trade around Australia Westpac Consumer Confidence Index news event

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect S to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect S to trend upwards for the next 2 hours because the released value is < 104. A price movement of 587 pips is expected. Historical events that allowed us to draw this conclusion

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