We expect NZDUSD to trend downwards later today. Based on these past United States Inflation Rate MoM news events there is a 80% chance of this. We expect this to happen if the released value is = 0.2%. A price movement of 49 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jul 12:30 |
13 Nov 13:30 |
11 Sep 12:30 |
14 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
