Based on the last 12 Balance of Trade events in United Kingdom, we expect AUDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards 48 hours following the event release at 2022-07-13 06:00 if the released value is < £-9.3B. A price movement of 162 pips is expected. Historical events that allowed us to draw this conclusion
11 Mar 07:00 |
10 Sep 06:00 |
12 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
