Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 2022-07-07 00:00 if the released value is > 54.3. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

04 Dec 02:00	06 Oct 01:00
04 Sep 00:00	05 Aug 00:00

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