We expect a $350 movement on NZDUSD within 48 hours following the release of Balance of Trade at 2022-11-02 07:00. We expect NZDUSD to trend upwards 48 hours following the event release at 2022-11-02 07:00 if the released value is > €1.4B. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
03 Aug 06:00 |
04 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
