Based on the last 12 Ivey PMI s.a events in Canada, we expect a $120 movement on NZDUSD within 2 hours following the event release at 08 Oct 01:00. We expect NZDUSD to trend downwards 2 hours following the event release at 08 Oct 01:00 if the released value is > 64.2

Historical events that allowed us to draw this conclusion

09 Sep 00:00	08 Jul 00:00
08 Apr 00:00	06 Mar 02:00

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