We expect a $550 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards 2 hours following the Inflation Rate YoY events in United States release because the released value is = 8.7%. A price movement of 55 pips is expected.
Historical events that allowed us to draw this conclusion
11 Mar 00:30 |
13 Jan 00:30 |
14 Sep 22:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).