Based on the last 12 Ivey PMI s.a events in Canada, NZDUSD could experience an upwards trend. Based on these past events there is a 80% chance of this, and the trend could last 12 hours because the released value is > 49.2.
Historical events that allowed us to draw this conclusion
06 Apr 14:00 |
06 Feb 15:00 |
06 Dec 15:00 |
07 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
