Based on the last 12 Balance of Trade events in Australia, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < A$12.5B Historical events that allowed us to draw this conclusion
07 Feb 00:30 |
06 Oct 00:30 |
07 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
