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We expect USDJPY to trend downwards for the next 2 hours.

Based on the last 12 Balance of Trade events in Australia, USDJPY may trend downwards for the next 2 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is < A$5B Historical events that allowed us to draw this conclusion

05 Jun 01:30
03 Apr 00:30
06 Feb 00:30
07 Nov 00:30

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

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We expect a 14 pip movement on AUDUSD within 4 hours following the event release.

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We expect NKD to trend downwards for the next 12 hours.

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