Based on the last 12 Balance of Trade events in Australia, NZDUSD could experience an upwards trend. Based on these past events there is a 71.43% chance of this, and the trend could last 2 hours because the released value is > A$3.90B.
Historical events that allowed us to draw this conclusion
06 Mar 00:30 |
09 Jan 00:30 |
05 Dec 00:30 |
03 Oct 01:30 |
05 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
