Want to know why NZDUSD is going downwards for the next 48 hours?

Past performance is not an indicator of future results.
Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $370 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards for the next 48 hours because the released value is < -3.2%

Historical events that allowed us to draw this conclusion

14 Jan 10:00
14 Aug 10:00
13 Jun 10:00
15 May 10:00
12 Apr 10:00
14 Mar 10:00

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

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