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We expect AUDUSD to trend upwards today with a 80% chance.

Based on the last 12 Balance of Trade events in Germany, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 2023-02-02 07:00 if the released value is > €5.1B. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

02 Nov 07:00
03 Aug 06:00
04 May 06:00
04 Apr 06:00

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

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D’après les 12 derniers événements de Balance Commerciale en Allemagne, nous attendons un mouvement de $584 sur USDCHF dans les 12 heures suivant la publication de l’événement à 2023-02-02 07:00.

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We expect CL to trend upwards today with a 80% chance.

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