Based on the last 12 Balance of Trade events in Canada, we expect a $110 movement on AUDUSD within 2 hours following the event release at 2024-11-05 13:30. We expect AUDUSD to trend downwards 2 hours following the event release at 2024-11-05 13:30 if the released value is < C$ -1B Historical events that allowed us to draw this conclusion
08 Oct 12:30 |
02 May 12:30 |
07 Feb 13:30 |
09 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
