Are you on the right side of the US Michigan Consumer Sentiment Prel news event?
Based on the last 12 Michigan Consumer Sentiment Prel events in US, we expect AUDUSD to trend down later today. Based on these past events there is a 71.4% of this.
We expect AUDUSD to trend down 4 hours following the event release at 12 Apr 14:00 if the released value is > 97. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
|07 Dec 15:00
|09 Nov 15:00
|14 Sep 14:00
|15 Jun 14:00
|11 May 14:00
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)