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We expect NZDUSD to trend downwards today with a 80% chance.

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”).

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