Based on the last 12 Industrial Production YoY events in Euro Area, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 12 Mar 21:00 if the released value is > -2.4%. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jan 21:00	14 Dec 21:00
12 Jun 19:00	12 Mar 21:00

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