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Based on past Canada Ivey PMI s.a news events there is a 66.67% chance of NZDUSD trending downwards. We expect this to happen because the released value is > 53.6. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
08 Feb 02:00![]() |
07 Sep 00:00![]() |
08 May 00:00![]() |
05 Apr 01:00![]() |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).