NZDUSD may trend upwards right now

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”).