Based on past Euro Area Industrial Production YoY news events there is a 75% chance of NZDUSD trending downwards. We expect this to happen if the released value is < -2.5%. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion
12 Sep 09:00 |
14 Aug 09:00 |
13 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
