Australia Balance of Trade News Event – a $60 opportunity on AUDUSD
We expect a $60 movement on AUDUSD within 2 hours following the release of Balance of Trade at 07 Apr 01:30. We expect AUDUSD to trend upwards 2 hours following the event release at 07 Apr 01:30 if the released value is < A$3.8B. A price movement of 6 pips is expected.Historical events that allowed us to draw this conclusion05…