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We expect GBPUSD to trend upwards right now.

Based on the last 12 Balance of Trade events in Australia, we may expect GBPUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is < A$10.4B. A price movement of 49 pips may be experienced. Historical events that allowed us to draw this conclusion

07 Mar 00:30
07 Dec 00:30
02 Nov 00:30
08 Jun 01:30

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

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