Based on the last 12 Industrial Production YoY events in Euro Area, we expect NZDUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect NZDUSD to trend downwards 48 hours following the event release at 12 Jun 19:00 if the released value is < -29.5%. A price movement of 50 pips is expected. Historical events that allowed us to draw this conclusion

13 May 19:00	12 Feb 21:00
14 Oct 20:00	12 Sep 19:00
14 Aug 19:00

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