New Zealand Trade Balance 6:45 PM August 23, 2006
The past 3 months, this news created an average of 25+ pips surge as seen on the Historic Charts for the NZDUSD pair. For those who trade NZDJPY, you can get larger surges. But at a cost of higher spreads.. (not worth it in my opinion)
Suggested Strategy: Conservative TP (10 pips), Conservative Lots.
Consensus is -250M trade balance.
The past 3 months, this news created an average of 25+ pips surge as seen on the Historic Charts for the NZDUSD pair. For those who trade NZDJPY, you can get larger surges. But at a cost of higher spreads.. (not worth it in my opinion)
Suggested Strategy: Conservative TP (10 pips), Conservative Lots.
Consensus is -250M trade balance.
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