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We may see NZDUSD trend upwards today with a 80% chance.

NZDUSD could trend upwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 80% chance of this. This could happen only if the released value is < 57.6. The price movement may be as big as 20 pips. Historical events that allowed us to draw this conclusion

01 Apr 14:00
04 Jan 15:00
02 Aug 14:00
03 May 14:00

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

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