Based on the last 12 Balance of Trade events in JP, we expect a $120 movement on AUDUSD within the next 4 hours.
We expect AUDUSD to trend up for 4 hours because the released value is > ¥-50B
Historical events that allowed us to draw this conclusion
18 Sep 23:50 |
18 Jul 23:50 |
20 May 23:50 |
18 Feb 23:50 |
17 Dec 23:50 |
18 Oct 23:50 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
