Based on past Australia Retail Sales MoM news events there is a 66.67% chance of NZDUSD trending downwards. We expect this to happen because the released value is < 0.5%. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion
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02 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
