Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > €23.2B

Historical events that allowed us to draw this conclusion

09 Nov 18:00	07 Aug 16:00
08 May 16:00	07 Feb 18:00
09 Dec 18:00

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