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Australia Balance of Trade News Event – a possible $170 movement on AUDUSD

We expect AUDUSD to trend upwards for the next 2 hours. Based on these past Australia Balance of Trade news events there is a 75% chance of this. We expect this to happen because the released value is < A$9.4B. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

08 Jun 01:30
07 Mar 00:30
07 Feb 00:30