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We expect 6E to trend downwards right now.

Based on the last 12 Balance of Trade events in Australia, we expect 6E to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect 6E to trend downwards for the next 4 hours because the released value is > A$4.8B. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jan 00:30
07 Nov 00:30
06 Aug 01:30
03 Jul 01:30
07 Mar 00:30

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

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