Based on the last 12 Balance of Trade events in Australia, we expect AUDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 02 Jul 11:30 if the released value is < A$9B. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

06 Feb 11:30	03 Oct 11:30
05 Sep 11:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).