Based on past Australia GDP Growth Rate QoQ news events there is a 75% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 1%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
01 Jun 01:30 |
01 Dec 00:30 |
01 Sep 01:30 |
02 Jun 01:30 |
03 Mar 00:30 |
04 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
