Based on the last 12 Balance of Trade events in Germany, we expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 2023-06-05 16:00 if the released value is > €16B. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

04 May 16:00	03 Mar 18:00
02 Nov 18:00	03 Aug 16:00
04 May 16:00

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