Based on the last 12 Balance of Trade events in Canada, we expect NZDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > C$-1.37B
Historical events that allowed us to draw this conclusion
04 Oct 12:30 |
03 Jul 12:30 |
06 Jun 12:30 |
17 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
