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We expect NZDUSD to trend downwards for the next 12 hours.

Based on past France GDP Growth Rate QoQ 1st Est news events there is a 75% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 0.2%. A price movement of 79 pips is expected.

Historical events that allowed us to draw this conclusion

28 Jan 06:30
29 Oct 05:30
30 Jul 05:30
30 Apr 05:30
30 Oct 06:30
31 Jul 05:30

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

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