Based on the last 12 Balance of Trade events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend upwards 48 hours following the event release at 2022-10-05 12:30 if the released value is > $-67.7B. A price movement of 54 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 12:30 |
07 Jun 12:30 |
08 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
