Based on the last 12 Ivey PMI s.a events in Canada, we expect NZDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 07 Aug 14:00 if the released value is < 53.0. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion
06 Jun 14:00 |
06 Feb 15:00 |
06 Dec 15:00 |
04 Oct 14:00 |
07 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
