We expect NZDUSD to trend upwards later today. Based on these past Australia Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is > A$5.154B. A price movement of 102 pips is expected.

Historical events that allowed us to draw this conclusion

04 Jun 11:30	07 May 11:30
07 Apr 11:30	05 Mar 11:30

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