Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 04 Sep 00:00 if the released value is > 61.5. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

06 Apr 00:00	04 Feb 02:00
08 Jan 02:00	06 Oct 01:00

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