Based on the last 12 Durable Goods Orders MoM events in United States, we expect a $60 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards for 4 hours because the released value is > 1.2%
Historical events that allowed us to draw this conclusion
25 Jul 12:30 |
02 Apr 12:30 |
25 Oct 12:30 |
27 Sep 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
