NZDUSD may trend downwards right now

We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 75% chance of this. We expect this to happen because the released value is < 0.1%. A price movement of 61 pips is expected. Historical events that allowed us to draw this conclusion

30 Jul 22:00
30 Sep 22:00
29 Aug 22:00

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