Based on the last 12 Balance of Trade events in Australia, we could see a $580 movement on NZDUSD within the next 48 hours. We may see NZDUSD trend upwards for 48 hours because the released value is > A$7.5B
Historical events that allowed us to draw this conclusion
05 Oct 00:30 |
03 Aug 01:30 |
06 Jul 01:30 |
04 May 01:30 |
12 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
