Based on the last 12 Balance of Trade events in Australia, we expect OJ to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect OJ to trend downwards 12 hours following the event release at 2025-04-03 00:30 if the released value is > A$5.6B. A price movement of 535 pips is expected.
Historical events that allowed us to draw this conclusion
06 Mar 00:30 |
09 Jan 00:30 |
05 Dec 00:30 |
01 Aug 01:30 |
06 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
