Based on the last 12 ISM Manufacturing PMI events in United States, we expect NZDUSD to trend upwards. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards for 48 hours because the released value is > 54.5. A price movement of 49 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 00:00	02 Jul 00:00
04 Feb 02:00

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