We expect NZDUSD to trend upwards for the next 2 hours. Based on these past Canada Balance of Trade news events there is a 71.43% chance of this. We expect this to happen because the released value is > C$-1.4B. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
04 Apr 12:30 |
06 Dec 13:30 |
07 Nov 13:30 |
05 Oct 12:30 |
07 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
