We expect NZDUSD to trend upwards for the next 48 hours. Based on these past United Kingdom GDP Growth Rate QoQ Final news events there is a 83.33% chance of this. We expect this to happen because the released value is > -0.1%. A price movement of 65 pips is expected.
Historical events that allowed us to draw this conclusion
30 Sep 06:00 |
31 Mar 06:00 |
22 Dec 07:00 |
30 Sep 06:00 |
20 Dec 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
