We expect NZDUSD to trend down later today. Based on these past DE Inflation Rate YoY Prel news events there is a 75.0% of this.
We expect this to happen if the released value is > 1.3%. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
28 Feb 13:00 |
27 Sep 12:00 |
30 May 12:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
