Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $20 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards for 4 hours because the released value is < 55.5 Historical events that allowed us to draw this conclusion
03 Jul 14:00 |
03 May 14:00 |
05 Feb 15:00 |
07 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
