Australia Balance of Trade News Event – a $60 opportunity on AUDUSD

We expect a $60 movement on AUDUSD within 2 hours following the release of Balance of Trade at 07 Apr 01:30. We expect AUDUSD to trend upwards 2 hours following the event release at 07 Apr 01:30 if the released value is < A$3.8B. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion

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