We expect NZDUSD to trend upwards for the next 48 hours. Based on these past United States Durable Goods Orders MoM news events there is a 75% chance of this. We expect this to happen because the released value is < -3.1%. A price movement of 99 pips is expected. Historical events that allowed us to draw this conclusion
24 Mar 12:30 |
27 Feb 13:30 |
23 Dec 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
