Want to know why NZDUSD is going downwards today?
Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $150 movement on NZDUSD within 2 hours following the event release at 12 May 09:00. We expect NZDUSD to trend downwards 2 hours following the event release at 12 May 09:00 if the released value is > 11.6%Historical events that allowed us to draw this…