Based on past Australia Balance of Trade news events there is a 75% chance of AUDUSD trending downwards. We expect this to happen because the released value is > A$10.725B. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
02 Jun 11:30 |
05 May 11:30 |
03 Mar 11:30 |
04 Nov 11:30 |
05 Oct 11:30 |
02 Sep 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).