Based on the last 12 Balance of Trade events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 4 hours following the event release at 2023-04-05 22:30 if the released value is < $-69B. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
03 Nov 23:30 |
07 Sep 22:30 |
07 Jul 22:30 |
04 May 22:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).