Based on the last 12 Balance of Trade events in Australia, we expect a $580 movement on NZDUSD within 48 hours following the event release at 05 Dec 00:30. We expect NZDUSD to trend upwards 48 hours following the event release at 05 Dec 00:30 if the released value is < A$6.1B Historical events that allowed us to draw this conclusion
03 Oct 01:30 |
05 Sep 01:30 |
06 Jun 01:30 |
08 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
