We expect a $130 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards 4 hours following the Balance of Trade events in Australia release because the released value is < A$10.1B. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion
08 Sep 01:30 |
07 Apr 01:30 |
11 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
