Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 15 pip movement on NZDUSD within 12 hours following the event release at 03 Mar 15:00 UTC. We expect NZDUSD to trend upwards 12 hours following the event release at 03 Mar 15:00 UTC if the released value is < 61 Historical events that allowed us to draw this conclusion
06 Jan 15:00 |
05 May 14:00 |
03 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
