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We expect AUDUSD to trend downwards today with a 80% chance.

Based on the last 12 Balance of Trade events in Japan, we expect a $340 movement on AUDUSD within 2 hours following the event release at 2023-03-15 23:50. We expect AUDUSD to trend downwards 2 hours following the event release at 2023-03-15 23:50 if the released value is > ¥-1069.4B

Historical events that allowed us to draw this conclusion

15 Feb 23:50
18 Jan 23:50
19 Oct 23:50
18 May 23:50

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

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We expect CL to trend upwards today with a 80% chance.

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Esperamos un movimiento en $1050 del AUDUSD dentro de 48 después del evento publicado a las 2023-03-15 23:50.

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