Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a $610 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend downwards for 12 hours because the released value is > -0.5%

Historical events that allowed us to draw this conclusion

02 Feb 20:00	30 Oct 20:00
31 Jul 18:00	31 Jul 20:00
30 Apr 20:00

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