We expect a $360 movement on NZDUSD within 2 hours following the release of Industrial Production YoY at 13 May 09:00. We expect NZDUSD to trend downwards 2 hours following the event release at 13 May 09:00 if the released value is > -12.4%. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

12 Mar 10:00

13 Nov 10:00

12 Jul 09:00

13 Jun 09:00

14 May 09:00