Based on past Australia Balance of Trade news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen if the released value is < A$5.500B. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion
06 Feb 00:30 |
04 Jul 01:30 |
05 Apr 00:30 |
07 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
