We expect a $120 movement on NZDUSD within 4 hours following the release of Balance of Trade at 2022-10-19 23:50. We expect NZDUSD to trend downwards 4 hours following the event release at 2022-10-19 23:50 if the released value is > ¥-2167.4B. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jul 23:50 |
19 Jan 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
