Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a $220 movement on NZDUSD within 4 hours following the event release at 2023-09-06 01:30. We expect NZDUSD to trend downwards 4 hours following the event release at 2023-09-06 01:30 if the released value is > 0.3%
Historical events that allowed us to draw this conclusion
01 Jun 01:30 |
01 Dec 00:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
