Based on the last 12 Retail Sales MoM events in Australia, we expect NZDUSD to trend downwards later today. Based on these past events there is a 87.5% chance of this. This may happen if the released value is < 8.2% Historical events that allowed us to draw this conclusion

06 Mar 11:30	06 Feb 11:30
05 Dec 11:30	04 Oct 11:30
03 Sep 11:30	04 Jul 11:30
04 Jun 11:30

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