Based on the last 12 Balance of Trade events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 2023-03-10 18:00 if the released value is > £-6.1B. A price movement of 33 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jan 18:00	12 Dec 18:00
11 Nov 18:00	12 Sep 16:00
11 Apr 16:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).