We expect a $10 movement on NZDUSD within 12 hours following the release of Durable Goods Orders MoM at 26 Aug 12:30. We expect NZDUSD to trend downwards 12 hours following the event release at 26 Aug 12:30 if the released value is < 1.2%. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
26 Jun 12:30 |
21 Feb 13:30 |
21 Dec 13:30 |
21 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
