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

Based on the last 12 Balance of Trade events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This will happen if the released value is > £-2.3B

Historical events that allowed us to draw this conclusion

09 Aug 08:30
10 Jul 08:30
09 Nov 09:30
10 Sep 08:30

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

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