Based on the last 12 Balance of Trade events in Australia, we expect a $130 movement on NZDUSD within 2 hours following the event release at 02 Dec 00:30. We expect NZDUSD to trend downwards 2 hours following the event release at 02 Dec 00:30 if the released value is > A$11B
Historical events that allowed us to draw this conclusion
04 Nov 00:30 |
05 Oct 00:30 |
02 Sep 01:30 |
03 Jun 01:30 |
04 Feb 00:30 |
03 Dec 00:30 |