We expect NZDUSD to trend upwards for the next 2 hours. Based on these past Euro Area Industrial Production YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 1.1%. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion

14 Sep 09:00

15 Jun 09:00

15 Mar 10:00