We expect a $190 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards 4 hours following the Industrial Production YoY events in Euro Area release because the released value is < -2.3%. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

15 Jan 21:00	14 Oct 20:00
12 Sep 19:00	14 Aug 19:00
13 Feb 21:00

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