Australia Balance of Trade News Event – a $130 opportunity on NZDUSD

Based on past Australia Balance of Trade news events there is a 75% chance of NZDUSD trending downwards. We expect this to happen if the released value is < A$10.1B. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

08 Sep 11:30
07 Apr 11:30
11 Jan 11:30

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