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We expect a 5 pip movement on FV for the next 2 hours.

Based on the last 12 Balance of Trade events in United Kingdom, we expect a 5 pip movement on FV for the next 2 hours. We expect FV to trend upwards for 2 hours because the released value is > £-2.3B

Historical events that allowed us to draw this conclusion

09 Aug 08:30
10 Jul 08:30
09 Nov 09:30
10 Sep 08:30

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

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We expect NZDUSD to trend upwards today with a 80% chance.

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NZD/USD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 6 days.

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