We expect a $350 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend upwards 4 hours following the Balance of Trade events in Australia release because the released value is > A$10.5B. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
04 May 01:30 |
08 Dec 00:30 |
03 Nov 00:30 |
04 Aug 01:30 |
07 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
