Based on the last 12 Retail Sales MoM events in Australia, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 2023-01-11 11:30 if the released value is > 0.6%. A price movement of 58 pips is expected.

Historical events that allowed us to draw this conclusion

11 Jan 11:30	05 Feb 11:30
04 Nov 11:30	02 Oct 11:30
04 Aug 11:30	03 Apr 11:30

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