What to trade around Australia GDP Growth Rate QoQ news event

Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 05 Dec 00:30 if the released value is < 0.6%. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

06 Dec 00:30

07 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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