We expect a $20 movement on NZDUSD within 2 hours following the release of GDP Growth Rate QoQ Adv at 31 Jul 08:00. We expect NZDUSD to trend downwards 2 hours following the event release at 31 Jul 08:00 if the released value is = -15%. A price movement of 2 pips is expected.

Historical events that allowed us to draw this conclusion

02 May 09:00