NZDUSD could trend upwards later today. Based on these past United States Balance of Trade news events there is a 75% chance of this. This could happen only if the released value is > $-89.5B. The price movement may be as big as 41 pips.
Historical events that allowed us to draw this conclusion
08 Feb 13:30 |
02 Sep 12:30 |
02 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
