Based on the last 12 Inflation Rate YoY events in Canada, we may see a 16 pip movement on NZDUSD within 2 hours following the event release at 20 Apr 22:30 GMT+10. NZDUSD may trend upwards 2 hours following the event release at 20 Apr 22:30 GMT+10 if the released value is > 6.1%

Historical events that allowed us to draw this conclusion

16 Mar 23:30	17 Feb 00:30
20 Oct 23:30	15 Sep 22:30
16 Jun 22:30	19 May 22:30

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