Based on the last 12 Balance of Trade events in United States, we expect a $540 movement on AUDUSD within 2 hours following the event release at 2023-03-08 13:30. We expect AUDUSD to trend downwards 2 hours following the event release at 2023-03-08 13:30 if the released value is > $-68.9B
Historical events that allowed us to draw this conclusion
07 Feb 13:30 |
05 Jan 13:30 |
06 Dec 13:30 |
05 Oct 12:30 |
04 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
