We expect a $100 movement on NZDUSD within 2 hours following the release of Balance of Trade at 06 Aug 01:30. We expect NZDUSD to trend upwards 2 hours following the event release at 06 Aug 01:30 if the released value is > A$6B. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jul 01:30 |
07 May 01:30 |
03 Apr 00:30 |
07 Mar 00:30 |
05 Feb 00:30 |
01 Nov 00:30 |
04 Oct 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
