68 pip movement on NZDUSD expected

Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a 68 pip movement on NZDUSD within 48 hours following the event release at 02 Jun 11:30 GMT+10. We expect NZDUSD to trend downwards 48 hours following the event release at 02 Jun 11:30 GMT+10 if the released value is < 1.5% Historical events that allowed us to draw this conclusion

02 Sep 11:30
05 Jun 11:30
06 Mar 11:30
05 Dec 11:30

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