We expect a $610 movement on NZDUSD within the next 12 hours.

We expect a $610 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend downwards 12 hours following the Durable Goods Orders MoM events in United States release because the released value is > 2.5%. A price movement of 61 pips is expected.

Historical events that allowed us to draw this conclusion

26 Mar 12:30

27 Sep 12:30

27 Jul 12:30

27 Jun 12:30

26 May 12:30

26 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).