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We expect NKD to trend upwards today with a 71.43% chance.

Based on the last 12 Balance of Trade events in Australia, we expect NKD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NKD to trend upwards 48 hours following the event release at 07 Apr 01:30 if the released value is > A$3.8B. A price movement of 27,750 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jan 00:30
07 Nov 00:30
06 Aug 01:30
03 Jul 01:30
03 Apr 00:30

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

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