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We expect NZDUSD to trend upwards for the next 4 hours.

Based on the last 12 Inflation Rate YoY events in Canada, we expect NZDUSD to trend upwards for the next 4 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > 1.7%

Historical events that allowed us to draw this conclusion

19 Jun 12:30
22 Mar 12:30
23 Nov 13:30
17 Aug 12:30

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

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