Based on the last 12 Balance of Trade events in Australia, we may expect NZDUSD to trend upwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because because the released value is < A$7.5B. A price movement of 33 pips may be experienced. Historical events that allowed us to draw this conclusion
02 Nov 00:30 |
07 Sep 01:30 |
08 Jun 01:30 |
07 Feb 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
