We expect a $420 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend upwards 12 hours following the Michigan Consumer Sentiment Prel events in United States release because the released value is > 59. A price movement of 42 pips is expected.
Historical events that allowed us to draw this conclusion
12 Aug 14:00 |
15 Jul 14:00 |
10 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
