United States Retail Sales MoM News Event – a possible $340 opportunity on NZDUSD

We could see a $340 movement on NZDUSD within the next 4 hours. NZDUSD could trend downwards 4 hours following the Retail Sales MoM events in United States release because the released value is < 0.2%. We may experience a price movement of 34 pips. Historical events that allowed us to draw this conclusion

14 Apr 22:30
15 Jan 00:30
16 Dec 00:30
17 Aug 22:30
15 Jun 22:30

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