Based on past Canada GDP Growth Rate Annualized news events there is a 66.67% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 1.2%. A price movement of 53 pips is expected.
Historical events that allowed us to draw this conclusion
30 Aug 12:30 |
31 May 12:30 |
02 Mar 13:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
