Based on the last 12 Inflation Rate YoY Flash events in Euro Area, we could see a 26 pip movement on NZDUSD for the next 4 hours. NZDUSD could trend upwards for 4 hours because the released value is > 2.1%
Historical events that allowed us to draw this conclusion
03 Mar 10:00 |
03 Feb 10:00 |
31 Jul 09:00 |
31 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
