NZDUSD will trend upwards right now

Past performance is not an indicator of future results.
We expect NZDUSD to trend upwards for the next 4 hours. Based on these past Euro Area GDP Growth Rate QoQ 2nd Est news events there is a 66.67% chance of this. We expect this to happen because the released value is = 0.2%. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 10:00

16 Aug 10:00

16 May 10:00

12 Aug 10:00

08 Mar 10:00

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

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