Based on the last 12 Ivey PMI s.a events in Canada, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 05 Feb 02:00 if the released value is < 50. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 02:00	05 Jun 00:00
08 May 00:00	08 Jan 02:00

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