United Kingdom Balance of Trade News Event – a possible $360 movement on AUDUSD

Based on the last 12 Balance of Trade events in United Kingdom, we expect a $360 movement on AUDUSD within 2 hours following the event release at 12 Aug 06:00. We expect AUDUSD to trend upwards 2 hours following the event release at 12 Aug 06:00 if the released value is < £2.8B Historical events that allowed us to draw this conclusion

13 May 06:00
09 Apr 06:00
10 Dec 09:30