Based on the last 12 Balance of Trade events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 08 Feb 13:30 if the released value is > $-83B. A price movement of 33 pips is expected.
Historical events that allowed us to draw this conclusion
02 Sep 12:30 |
02 Jul 12:30 |
04 May 12:30 |