We expect a $170 movement on NZDUSD within 2 hours following the release of Balance of Trade at 03 Jun 01:30. We expect NZDUSD to trend downwards 2 hours following the event release at 03 Jun 01:30 if the released value is > A$7.9B. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
04 Feb 00:30 |
03 Dec 00:30 |
05 Nov 00:30 |
04 Jun 01:30 |