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We expect ZR to trend downwards today.

Based on the last 12 Retail Sales MoM events in Australia, we expect ZR to trend downwards later today. Based on these past events there is a 75% chance of this. We expect ZR to trend downwards 2 hours following the event release at 06 Mar 00:30 if the released value is > 0%. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

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

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