We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Euro Area Industrial Production YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 0.8%. A price movement of 94 pips is expected. Historical events that allowed us to draw this conclusion

15 Jun 19:00	15 Mar 21:00
12 Jan 21:00

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