Based on the last 12 Inflation Rate YoY events in Canada, we may expect NZDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is < 1.8%. A price movement of 21 pips may be experienced. Historical events that allowed us to draw this conclusion
15 Apr 12:30 |
17 Dec 13:30 |
15 Oct 12:30 |
17 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
