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Want to know why AUDUSD is going down today?

Want to know why AUDUSD is going down today?

Based on the last 12 Balance of Trade events in DE, we expect a $150 movement on AUDUSD within 2 hours following the event release at 09 Oct 06:00.
We expect AUDUSD to trend down 2 hours following the event release at 09 Oct 06:00 if the released value is > €19.1B

Historical events that allowed us to draw this conclusion

08 Jun 06:00
 
08 May 06:00
 
09 Jan 07:00
 
09 Nov 07:00
 

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

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