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 80% chance of this. We expect NZDUSD to trend downwards 48 hours following the event release at 08 Aug 00:00 if the released value is < 57.5. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 02:00	07 Nov 02:00
05 Oct 00:00

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