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On Event

5 pip movement on NZDUSD expected

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Based on the last 12 Inflation Rate YoY events in Canada, we could see a $50 movement on NZDUSD within the next 2 hours. We may see NZDUSD trend downwards for 2 hours because the released value is > 2.6%

Historical events that allowed us to draw this conclusion

16 Apr 12:30
19 Sep 12:30
15 Aug 12:30

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