Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 88 pip movement on NZDUSD for the next 48 hours. We expect NZDUSD to trend downwards for 48 hours because the released value is > 48

Historical events that allowed us to draw this conclusion

23 Jun 17:30	24 Jan 19:30
22 Aug 17:30

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