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Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 34 pip movement on AUDUSD within 12 hours following the event release at 2023-01-16 23:30. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-01-16 23:30 if the released value is > 78.4
Historical events that allowed us to draw this conclusion
10 Oct 23:30 |
13 Apr 00:30 |
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