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We expect NZDUSD to trend upwards for the next 12 hours.

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”).

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