We expect a $180 movement on AUDUSD within 2 hours following the release of Balance of Trade at 05 Dec 13:30. We expect AUDUSD to trend upwards 2 hours following the event release at 05 Dec 13:30 if the released value is > C$-1.37B. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
04 Oct 12:30 |
02 Aug 12:30 |
03 Jul 12:30 |
06 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
