Based on the last 12 Balance of Trade events in Canada, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 2024-12-05 13:30 if the released value is > C$-0.8B. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
06 Aug 12:30 |
06 Jun 12:30 |
04 Apr 12:30 |
07 Mar 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
