Based on the last 12 Ivey PMI s.a events in Canada, we expect a $1010 movement on NZDUSD within 4 hours following the event release at 2023-06-06 14:00. We expect NZDUSD to trend upwards 4 hours following the event release at 2023-06-06 14:00 if the released value is < 57.2 Historical events that allowed us to draw this conclusion
04 May 14:00 |
06 Jan 15:00 |
04 Nov 14:00 |
05 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
