Based on past United States Retail Sales MoM news events there is a 85.71% chance of NZDUSD trending downwards. We expect this to happen if the released value is < -0.3%. A price movement of 60 pips is expected. Historical events that allowed us to draw this conclusion
18 Jan 13:30 |
15 Dec 13:30 |
14 Oct 12:30 |
17 Aug 12:30 |
15 Jun 12:30 |
14 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
