Based on the last 12 Balance of Trade events in Germany, we expect a $280 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards for the next 2 hours because the released value is < €9.2B Historical events that allowed us to draw this conclusion
07 Jan 07:00 |
09 Nov 07:00 |
08 Oct 06:00 |
09 Aug 06:00 |
08 Jul 06:00 |
09 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
