Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $310 movement on NZDUSD within 4 hours following the event release at 04 Dec 15:00. We expect NZDUSD to trend downwards 4 hours following the event release at 04 Dec 15:00 if the released value is > 54.5
Historical events that allowed us to draw this conclusion
05 Nov 15:00 |
05 Sep 14:00 |
05 Jun 14:00 |
06 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
