We expect NZDUSD to trend downwards for the next 4 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of this. We expect this to happen because the released value is < 60. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion
10 Jun 14:00 |
11 Mar 15:00 |
11 Feb 15:00 |
14 Jan 15:00 |
12 Nov 15:00 |
17 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
