We expect a $590 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards 48 hours following the KOF Leading Indicators events in Switzerland release because the released value is < 84.5. A price movement of 59 pips is expected. Historical events that allowed us to draw this conclusion
30 Aug 07:00 |
29 Jul 07:00 |
30 May 07:00 |
30 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
