We expect AUDUSD to trend downwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is < €16.1B. A price movement of 73 pips is expected. Historical events that allowed us to draw this conclusion
07 Nov 07:00 |
06 Sep 06:00 |
07 Jun 06:00 |
07 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
