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There is a 71.43% chance of NZDUSD trending downwards

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”).

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