We expect NZDUSD to trend upwards for the next 12 hours. Based on these past United States Balance of Trade news events there is a 75% chance of this. We expect this to happen because the released value is > $-83B. A price movement of 49 pips is expected.
Historical events that allowed us to draw this conclusion
02 Sep 12:30 |
02 Jul 12:30 |
04 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
