We expect AUDUSD to trend downwards later today. Based on these past Germany Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < €14.2B. A price movement of 108 pips is expected. Historical events that allowed us to draw this conclusion
09 Dec 07:00 |
09 Nov 07:00 |
09 Sep 06:00 |
09 Aug 06:00 |
09 Apr 06:00 |
08 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
