We expect a $1060 movement on NZDUSD within 48 hours following the release of GDP Growth Rate QoQ Prel at 2022-11-11 18:00. We expect NZDUSD to trend downwards 48 hours following the event release at 2022-11-11 18:00 if the released value is > -0.5%. A price movement of 106 pips is expected.

Historical events that allowed us to draw this conclusion

12 Aug 16:00	12 May 16:00
12 Aug 16:00	13 May 16:00

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