We expect AUDUSD to trend upwards for the next 48 hours. Based on these past United States Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is < $-67.7B. A price movement of 127 pips is expected. Historical events that allowed us to draw this conclusion
07 Sep 22:30 |
09 Mar 00:30 |
07 Jan 00:30 |
08 Dec 00:30 |
05 Oct 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).