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We expect a $320 movement on NZDUSD within the next 4 hours.

Based on past France GDP Growth Rate QoQ 1st Est news events there is a 71.43% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 0.1%. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

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

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

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There is a 71.43% chance of YM trending upwards

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