Canada Balance of Trade News Event – a $80 opportunity on AUDUSD

Past performance is not an indicator of future results.
We expect a $80 movement on AUDUSD within 2 hours following the release of Balance of Trade at 08 Jan 13:30. We expect AUDUSD to trend upwards 2 hours following the event release at 08 Jan 13:30 if the released value is < C$-1.95B. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

06 Dec 13:30
02 Nov 12:30
05 Apr 13:30
06 Feb 13:30
05 Jan 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).