United States Retail Sales MoM News Event – a possible $160 movement on NZDUSD

Based on the last 12 Retail Sales MoM events in United States, we expect a $160 movement on NZDUSD within 2 hours following the event release at 15 Apr 22:30. We expect NZDUSD to trend downwards 2 hours following the event release at 15 Apr 22:30 if the released value is > 5.9%

Historical events that allowed us to draw this conclusion

18 Feb 00:30
16 Oct 23:30
16 Jun 22:30

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