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There is a 85.71% chance of CC trending upwards

Based on past Australia Balance of Trade news events there is a 85.71% chance of CC trending upwards. We expect this to happen if the released value is > A$10.3B. A price movement of 2,400 pips is expected.

Historical events that allowed us to draw this conclusion

02 Sep 01:30
05 Aug 01:30
03 Jun 01:30
04 Feb 00:30
03 Dec 00:30
05 Nov 00:30

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

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