We expect NZDUSD to trend upwards for the next 48 hours. Based on these past Germany Inflation Rate YoY Prel news events there is a 85.71% chance of this. We expect this to happen because the released value is < 2.3%. A price movement of 91 pips is expected. Historical events that allowed us to draw this conclusion
29 Feb 13:00 |
31 Jan 13:00 |
29 Nov 13:00 |
28 Sep 12:00 |
31 May 12:00 |
28 Apr 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
