Based on the last 12 Balance of Trade events in United States, we expect a 63 pip movement on NZDUSD within 48 hours following the event release at 04 Oct 12:30 UTC. We expect NZDUSD to trend upwards 48 hours following the event release at 04 Oct 12:30 UTC if the released value is < $-54.5B Historical events that allowed us to draw this conclusion
04 Sep 12:30 |
02 Aug 12:30 |
06 Mar 13:30 |
06 Dec 13:30 |
02 Nov 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
