Based on the last 12 Inflation Rate YoY events in Canada, we expect NZDUSD to trend upwards for the next 4 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > 1.7%
Historical events that allowed us to draw this conclusion
19 Jun 12:30 |
22 Mar 12:30 |
23 Nov 13:30 |
17 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
