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We expect a $280 movement on NZDUSD within the next 2 hours.

Based on the last 12 Balance of Trade events in Germany, we expect a $280 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards for the next 2 hours because the released value is < €9.2B Historical events that allowed us to draw this conclusion

07 Jan 07:00
09 Nov 07:00
08 Oct 06:00
09 Aug 06:00
08 Jul 06:00
09 Apr 06:00

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

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Resistance line breached by USD/JPY. This price has been tested at least twice before.

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