Based on the last 12 Balance of Trade events in United Kingdom, AUDUSD could trend upwards later today. Based on these past events there is a 85.71% chance of this. If the released value is > £-11.8B we could see AUDUSD trend upwards 4 hours following the event release at 13 Jun 06:00.
Historical events that allowed us to draw this conclusion
11 Apr 06:00 |
11 Feb 07:00 |
10 Dec 07:00 |
11 Nov 07:00 |
09 Jul 11:00 |
11 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
