United States Balance of Trade News Event – a possible $690 movement on NZDUSD

Based on the last 12 Balance of Trade events in United States, we expect a $690 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards for 48 hours because the released value is < $-63.8B Historical events that allowed us to draw this conclusion

06 Oct 23:30
03 Sep 22:30
05 Aug 22:30
06 Feb 00:30

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