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We could expect NZDUSD to trend downwards right now.

Based on the last 12 Industrial Production YoY events in Euro Area, we may expect NZDUSD to trend downwards right now. Based on these past events there is a 83.33% chance of this. We made this conclusion because because the released value is > 1.5%. A price movement of 10 pips may be experienced.

Historical events that allowed us to draw this conclusion

16 Feb 10:00
14 Dec 10:00
13 Oct 09:00
15 Sep 09:00
14 Jun 09:00

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

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YM may be ready to trend upwards today with a 66.67% chance.

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