Australia Retail Sales MoM News Event – a $170 opportunity on NZDUSD

We expect a $170 movement on NZDUSD within 2 hours following the release of Retail Sales MoM at 06 May 01:30. We expect NZDUSD to trend downwards 2 hours following the event release at 06 May 01:30 if the released value is < 8.2%. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

06 Mar 00:30
06 Feb 00:30
05 Dec 00:30
04 Oct 01:30
03 Sep 01:30
04 Jul 01:30
04 Jun 01:30