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We expect NZDUSD to trend upwards for the next 2 hours.

Based on the last 12 Durable Goods Orders MoM events in United States, NZDUSD may trend upwards for the next 2 hours. Based on these past events there is a 80% chance of this. This may happen because the released value is < -4.5% Historical events that allowed us to draw this conclusion

25 Jan 13:30
24 Aug 12:30
24 Mar 12:30
27 Feb 13:30

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

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We expect TN to trend downwards today with a 80% chance.

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