Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect NZDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 01 Dec 11:30 if the released value is < -2.7%. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion
02 Sep 11:30 |
04 Dec 11:30 |
06 Mar 11:30 |
05 Dec 11:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).