Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 2022-10-06 01:00 if the released value is > 56. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 00:00	04 Feb 02:00
04 Dec 02:00	04 Nov 01:00
06 Oct 01:00

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