Based on the last 12 Balance of Trade events in Australia, we expect NZDUSD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards for 2 hours because the released value is > A$5.4B. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
04 Jun 01:30 |
09 Jan 00:30 |
07 Nov 00:30 |