Based on past United States Balance of Trade news events there is a 66.67% chance of NZDUSD trending upwards. We expect this to happen if the released value is > $-68.5B. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
05 Oct 12:30 |
04 Aug 12:30 |
07 Jun 12:30 |
08 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
