Based on the last 12 ISM Manufacturing PMI events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < 49.5 Historical events that allowed us to draw this conclusion
01 Apr 14:00 |
03 Mar 15:00 |
01 Nov 14:00 |
03 Sep 14:00 |
01 Jul 14:00 |
03 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
