Based on the last 12 Personal Income MoM events in United States, we could see a 51 pip movement on NZDUSD for the next 48 hours. NZDUSD could trend upwards for 48 hours because the released value is = 0.3%
Historical events that allowed us to draw this conclusion
31 May 12:30 |
26 Jan 13:30 |
22 Dec 13:30 |
30 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
