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We expect a $110 movement on AUDUSD within the next 4 hours.

We expect a $110 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend upwards 4 hours following the Balance of Trade events in Canada release because the released value is > C$-0.3B. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jul 12:30
06 Jun 12:30
05 Sep 12:30
03 Aug 12:30

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

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