We expect a $580 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend downwards 12 hours following the Existing Home Sales events in United States release because the released value is < 4.89M. A price movement of 58 pips is expected. Historical events that allowed us to draw this conclusion
20 Jul 14:00 |
19 May 14:00 |
20 Apr 14:00 |
20 Jan 15:00 |
22 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
