Germany Balance of Trade News Event – a possible $640 movement on AUDUSD

Based on the last 12 Balance of Trade events in Germany, we expect a $640 movement on AUDUSD within 2 hours following the event release at 08 Oct 06:00. We expect AUDUSD to trend downwards 2 hours following the event release at 08 Oct 06:00 if the released value is < €17.4B Historical events that allowed us to draw this conclusion

08 Sep 06:00
09 Jun 06:00
09 Jan 07:00