Based on the last 12 ISM Manufacturing PMI events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 77.78% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 03 Mar 02:00 if the released value is < 50.5. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion

04 Jan 02:00	03 Dec 02:00
02 Nov 01:00	02 Oct 00:00
04 Sep 00:00	02 Aug 00:00
04 Jun 00:00

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