Balance of Trade

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We expect a $450 movement on AUDUSD within 12 hours following the release of Balance of Trade at 2023-05-17 23:50. We expect AUDUSD to trend upwards 12 hours following the event release at 2023-05-17 23:50 if the released value is > ¥-613.8B. A price movement of 45 pips is expected.

Historical events that allowed us to draw this conclusion

19 Apr 23:50
15 Mar 23:50
15 Feb 23:50
19 Oct 23:50
18 May 23:50

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