Based on the last 12 ISM Manufacturing PMI events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 06 Jan 02:00 if the released value is < 56.6. A price movement of 42 pips is expected. Historical events that allowed us to draw this conclusion

02 Dec 02:00	02 Oct 00:00
02 Jun 00:00	04 Jan 02:00

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