Based on the last 12 GDP Growth Rate YoY events in Australia, we expect NZDUSD to trend downwards. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards for 48 hours because the released value is < 3.3%. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
07 Mar 00:30 |
06 Dec 00:30 |
07 Sep 02:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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