Based on the last 12 Industrial Production YoY events in Euro Area, we may expect NZDUSD to trend downwards right now. Based on these past events there is a 83.33% chance of this. We made this conclusion because because the released value is > 1.5%. A price movement of 10 pips may be experienced.
Historical events that allowed us to draw this conclusion
16 Feb 10:00 |
14 Dec 10:00 |
13 Oct 09:00 |
15 Sep 09:00 |
14 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
