We expect NZDUSD to trend downwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 71.43% chance of this. We expect this to happen if the released value is < 48. A price movement of 74 pips is expected. Historical events that allowed us to draw this conclusion

02 Feb 02:00	05 Jan 02:00
02 Dec 02:00	04 Oct 01:00
02 Jul 00:00

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