We expect a $1060 movement on NZDUSD within 48 hours following the release of GDP Growth Rate QoQ Prel at 2022-11-11 07:00. We expect NZDUSD to trend downwards 48 hours following the event release at 2022-11-11 07:00 if the released value is > -0.5%. A price movement of 106 pips is expected.
Historical events that allowed us to draw this conclusion
12 Aug 06:00 |
12 May 06:00 |
12 Aug 06:00 |
13 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
