Based on the last 12 Retail Sales MoM events in United States, we expect a $520 movement on NZDUSD within 2 hours following the event release at 16 Jul 12:30. We expect NZDUSD to trend downwards 2 hours following the event release at 16 Jul 12:30 if the released value is < -0.4% Historical events that allowed us to draw this conclusion

15 Jun 12:30

16 Mar 12:30

15 Jan 13:30

16 Dec 13:30

17 Nov 13:30

16 Sep 12:30