We expect a $180 movement on NZDUSD within the next 4 hours.

We expect a $180 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend upwards 4 hours following the Balance of Trade events in Australia release because the released value is > A$6B. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jul 01:30

07 May 01:30

03 Apr 00:30

07 Mar 00:30

05 Feb 00:30

01 Nov 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).