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There is a 75% chance of NZDUSD trending downwards

Based on past United States Inflation Rate YoY news events there is a 75% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 8.3%. A price movement of 91 pips may be on the cards.

Historical events that allowed us to draw this conclusion

11 May 12:30
12 Apr 12:30
10 Feb 13:30
10 Nov 13:30
11 Aug 12:30
10 Jun 12:30

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

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