We expect NZDUSD to trend upwards later today. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 72.73% chance of this. We expect this to happen if the released value is = -12.1%. A price movement of 167 pips is expected.

Historical events that allowed us to draw this conclusion

15 May 19:00	14 Nov 21:00
14 Feb 21:00	14 Nov 21:00
14 Feb 21:00	16 Aug 19:00

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