Based on past Australia Balance of Trade news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen because the released value is < A$11B. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion
07 Dec 00:30 |
07 Sep 01:30 |
08 Jun 01:30 |
07 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
