Based on the last 12 Balance of Trade events in United Kingdom, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 13 Apr 16:00 if the released value is > £-2.2B. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

12 Mar 18:00	09 Oct 17:00
12 Aug 16:00	14 Jul 16:00

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