We expect a $690 movement on NZDUSD within 12 hours following the release of ECB Interest Rate Decision at 29 Oct 23:45. We expect NZDUSD to trend downwards 12 hours following the event release at 29 Oct 23:45 if the released value is = 0%. A price movement of 69 pips is expected.

Historical events that allowed us to draw this conclusion

10 Sep 21:45	16 Jul 21:45
30 Apr 21:45	12 Mar 23:45
24 Oct 22:45	12 Sep 21:45
25 Jul 21:45	06 Jun 21:45

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