We expect a $640 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards 48 hours following the Industrial Production YoY events in Euro Area release because the released value is < -11.5%. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion

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

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