Based on past Canada Ivey PMI s.a news events there is a 71.43% chance of NZDUSD trending downwards. We expect this to happen because the released value is < 55.0. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
06 Jun 14:00 |
06 Feb 15:00 |
06 Dec 15:00 |
04 Oct 14:00 |
07 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
