Based on the last 12 Balance of Trade events in Japan, we could see a 42 pip movement on NZDUSD for the next 48 hours. NZDUSD could trend upwards for 48 hours because the released value is > ¥-893B
Historical events that allowed us to draw this conclusion
16 Apr 23:50 |
22 Jan 23:50 |
17 Sep 23:50 |
16 Apr 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
