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We expect NZDUSD to trend downwards right now.

We expect NZDUSD to trend downwards for the next 4 hours. Based on these past Euro Area Industrial Production YoY news events there is a 87.5% chance of this. We expect this to happen because the released value is > 0.8%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jul 09:00
13 May 09:00
20 Apr 09:00
16 Feb 10:00
14 Dec 10:00
13 Oct 09:00
15 Sep 09:00

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

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