NZDUSD may trend upwards for the next 2 hours. Based on these past Canada Inflation Rate YoY news events there is a 75% chance of this. Our expectation is based on that fact that the released value is > 7.4%. A price movement of 16 pips could be expected.

Historical events that allowed us to draw this conclusion

20 Apr 22:30	16 Mar 23:30
17 Feb 00:30	20 Oct 23:30
15 Sep 22:30	16 Jun 22:30

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