We expect NZDUSD to trend upwards later today. Based on these past Australia GDP Growth Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is > 1.4%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
05 Sep 01:30 |
06 Jun 01:30 |
07 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
