Based on the last 12 Balance of Trade events in Australia, we could see a $360 movement on AUDUSD within the next 12 hours. AUDUSD could trend upwards for the next 12 hours because the released value is < A$7.30B Historical events that allowed us to draw this conclusion
05 Apr 00:30 |
07 Mar 00:30 |
05 Feb 00:30 |
07 Dec 00:30 |
02 Nov 00:30 |
07 Sep 01:30 |
08 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
