Based on the last 12 Inflation Rate YoY events in Canada, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-03-21 23:30 if the released value is < 5.4%. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion

22 Feb 00:30	20 Sep 22:30
20 Jul 22:30

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