We expect a $300 movement on NZDUSD within the next 4 hours.

We expect a $300 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards 4 hours following the Inflation Rate YoY Prel events in Germany release because the released value is > 7.4%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

30 May 12:00

28 Apr 12:00

31 Jan 13:00

29 Nov 13:00

28 Oct 12:00

29 Jul 12:00

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