We expect NZDUSD to trend upwards for the next 12 hours. Based on these past Canada Ivey PMI s.a news events there is a 80% chance of this. We expect this to happen because the released value is > 50.8. A price movement of 44 pips is expected.
Historical events that allowed us to draw this conclusion
07 Sep 14:00 |
06 Apr 14:00 |
06 Feb 15:00 |
06 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
