Based on the last 12 Balance of Trade events in United Kingdom, we expect NZDUSD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards for the next 2 hours because the released value is > £-2.6B. A price movement of 7 pips is expected.
Historical events that allowed us to draw this conclusion
09 Nov 09:30 |
10 Sep 08:30 |
10 Aug 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
