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There is a 66.67% chance of LE trending downwards

Based on past Australia Balance of Trade news events there is a 66.67% chance of LE trending downwards. We expect this to happen if the released value is > A$7.4B. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

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

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We expect NZDUSD to trend downwards today with a 66.67% chance.

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