Based on the last 12 Balance of Trade events in Australia, we expect GBPUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards for the next 48 hours because the released value is < A$6B. A price movement of 95 pips is expected. Historical events that allowed us to draw this conclusion

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

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