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Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $710 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards for 48 hours because the released value is > 65
Historical events that allowed us to draw this conclusion
04 Nov 01:00 |
06 Oct 01:00 |
04 Sep 00:00 |
05 Aug 00:00 |
06 Apr 00:00 |
04 Feb 02:00 |
08 Jan 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).