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We expect NZDUSD to trend upwards for the next 12 hours.

Based on the last 12 ISM Manufacturing PMI events in United States, we could see NZDUSD trend upwards right now. Based on historical events there is a 66.67% chance of this. This may happen because the released value is > 47.5

Historical events that allowed us to draw this conclusion

01 Feb 15:00
03 Jan 15:00

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

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We expect EMD to trend upwards with a 66.67% chance.

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