We expect a $280 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards 4 hours following the ISM Manufacturing PMI events in United States release because the released value is > 52.2. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
01 Sep 14:00 |
01 Aug 14:00 |
01 Jun 14:00 |
01 Mar 15:00 |
01 Dec 15:00 |
01 Nov 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
