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We expect a 120 pip movement on GBPUSD for the next 48 hours.

Based on past Australia Balance of Trade news events there is a 85.71% chance of GBPUSD trending upwards. We expect this to happen because the released value is > A$8.725B. A price movement of 120 pips is expected.

Historical events that allowed us to draw this conclusion

03 Aug 01:30
06 Jul 01:30
04 May 01:30
12 Jan 00:30
08 Dec 00:30
03 Nov 00:30

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

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We expect a $18606 movement on PL within the next 12 hours.

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AUD/USD has broken through a resistance line. It has touched this line numerous times in the last 2 days.

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