Want to know why NZDUSD is going downwards today?

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $770 movement on NZDUSD within 4 hours following the event release at 06 Apr 00:00. We expect NZDUSD to trend downwards 4 hours following the event release at 06 Apr 00:00 if the released value is < 58.4 Historical events that allowed us to draw this conclusion

04 Mar 02:00
07 Jan 02:00
07 Jul 00:00

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