Based on the last 12 Ivey PMI s.a events in Canada, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards 48 hours following the event release at 2022-11-05 01:00 if the released value is < 57. A price movement of 109 pips is expected. Historical events that allowed us to draw this conclusion

08 Jul 00:00	07 May 00:00
08 Jan 02:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).