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There is a 75% chance of NZDUSD trending downwards

Based on the last 12 Balance of Trade events in Australia, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < A$12.5B Historical events that allowed us to draw this conclusion

07 Feb 00:30
06 Oct 00:30
07 Apr 01:30

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

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We expect a $1696923 movement on NQ within 12 hours following the event release at 2023-03-07 00:30.

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Esperamos un movimiento en $1660 del NZDUSD dentro de 48 horas después de la publicación del evento a las 2023-03-07 00:30.

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