We expect a $110 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend upwards 4 hours following the Balance of Trade events in Canada release because the released value is > C$-0.3B. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jul 12:30 |
06 Jun 12:30 |
05 Sep 12:30 |
03 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
