We expect NZDUSD to trend downwards later today. Based on these past Italy GDP Growth Rate QoQ Adv news events there is a 75% chance of this. We expect this to happen if the released value is > -5%. A price movement of 82 pips is expected.

Historical events that allowed us to draw this conclusion

31 Jul 20:00	30 Apr 20:00
14 Nov 20:00

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