Australia Balance of Trade News Event – a possible $1,550 movement on EURUSD

Based on the last 12 Balance of Trade events in Australia, a $1,550 movement on EURUSD may occur within 48 hours following the event release at 02 Jun 11:30. EURUSD could trend upwards 48 hours following the event release at 02 Jun 11:30 if the released value is < A$9.3B Historical events that allowed us to draw this conclusion

03 Feb 11:30
11 Jan 11:30
01 Jul 11:30

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