Based on past Australia Balance of Trade news events there is a 80% chance of NZDUSD trending upwards. We expect this to happen if the released value is < A$12B. A price movement of 85 pips is expected. Historical events that allowed us to draw this conclusion
03 Feb 11:30 |
11 Jan 11:30 |
01 Jul 11:30 |
04 May 11:30 |
01 Apr 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).