Based on the last 12 Balance of Trade events in Canada, we could see a $320 movement on AUDUSD within the next 12 hours. We may see AUDUSD trend upwards for 12 hours because the released value is < C$3.4B Historical events that allowed us to draw this conclusion
05 Dec 13:30 |
08 Oct 12:30 |
04 Sep 12:30 |
03 Jul 12:30 |
02 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
