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We expect a $360 movement on NZDUSD within the next 4 hours.

Based on past Japan Balance of Trade news events there is a 71.43% chance of NZDUSD trending downwards. We expect this to happen because the released value is > ¥-46.7B. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

19 Apr 23:50
15 Mar 23:50
18 Jan 23:50
19 Oct 23:50
20 Jul 23:50

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

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