We expect AUDUSD to trend upwards later today. Based on these past Germany Balance of Trade news events there is a 75% chance of this. We expect this to happen if the released value is > €17.7B. A price movement of 38 pips is expected.
Historical events that allowed us to draw this conclusion
08 Jun 07:00 |
09 Mar 07:00 |
09 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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