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There is a 66.67% chance of NZDUSD trending upwards

Based on past United States Balance of Trade news events there is a 66.67% chance of NZDUSD trending upwards. We expect this to happen if the released value is > $-68.5B. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

05 Oct 12:30
04 Aug 12:30
07 Jun 12:30
08 Feb 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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Esperamos un movimiento en $2894325 del NIY dentro de 2 horas después de la publicación del evento a las 2023-02-07 13:30.

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We expect a 3762 pip movement on ES within 2 hours following the event release.

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