Based on the last 12 Balance of Trade events in Australia, we expect AUDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 04 Nov 00:30 if the released value is < A$12.2B. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion
04 May 01:30 |
01 Apr 00:30 |
07 Jan 00:30 |