Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-06-05 06:00 if the released value is > €16B. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
04 May 06:00 |
03 Mar 07:00 |
02 Feb 07:00 |
05 Jan 07:00 |
03 Aug 06:00 |
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