Based on the last 12 Balance of Trade events in Japan, we expect a 35 pip movement on AUDUSD for the next 12 hours. We expect AUDUSD to trend upwards for 12 hours because the released value is < ¥-600.3B
Historical events that allowed us to draw this conclusion
16 Aug 00:50 |
18 Jun 00:50 |
23 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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