We expect a 81 pip movement on NZDUSD within 12 hours following the event release.

Based on the last 12 Durable Goods Orders MoM events in United States, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 0.7%

Historical events that allowed us to draw this conclusion

26 Jan 13:30

23 Nov 13:30

27 Jul 12:30

27 Jun 12:30

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