Based on the last 12 Industrial Production YoY events in Euro Area, we expect NZDUSD to trend downwards. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend downwards for 2 hours because the released value is > 4.7%. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

15 Sep 09:00

12 Mar 10:00

13 Jan 10:00

14 Dec 10:00