Based on the last 12 ISM Manufacturing PMI events in United States, we expect a $770 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend upwards for the next 48 hours because the released value is > 60.5

Historical events that allowed us to draw this conclusion

02 Oct 00:00	02 Sep 00:00
02 Apr 01:00	06 Jan 02:00
03 Nov 02:00

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