Based on the last 12 ISM Manufacturing PMI events in United States, we expect NZDUSD to trend upwards right now. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards for the next 4 hours because the released value is > 58. A price movement of 26 pips is expected.

Historical events that allowed us to draw this conclusion

02 Feb 02:00	02 Oct 00:00
02 Sep 00:00	02 Jun 00:00
02 Apr 01:00	02 Mar 02:00

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