We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Germany Balance of Trade news events there is a 80% chance of this. We expect this to happen because the released value is > €15.5B. A price movement of 49 pips is expected.
Historical events that allowed us to draw this conclusion
08 May 06:00 |
07 Feb 07:00 |
09 Jan 07:00 |
08 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
