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There is a 66.67% chance of NZDUSD trending upwards

Based on past Italy GDP Growth Rate QoQ Adv news events there is a 66.67% chance of NZDUSD trending upwards. We expect this to happen because the released value is > -0.1%. A price movement of 9 pips is expected.

Historical events that allowed us to draw this conclusion

30 Apr 10:00
14 Nov 09:00

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

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