Based on the last 12 Balance of Trade events in Japan, we could see a $790 movement on NZDUSD within the next 12 hours. NZDUSD could trend downwards for the next 12 hours because the released value is < ¥-659.1B Historical events that allowed us to draw this conclusion
14 Jun 23:50 |
14 Dec 23:50 |
16 Nov 23:50 |
14 Sep 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
