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We expect NZDUSD to trend upwards for the next 48 hours. Based on these past Australia Balance of Trade news events there is a 80% chance of this. We expect this to happen because the released value is < A$8.8B. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion
02 Jul 11:30![]() |
05 Dec 11:30![]() |
03 Oct 11:30![]() |
05 Sep 11:30![]() |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).