Based on the last 12 Retail Sales MoM events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 48 hours following the event release at 2024-11-22 07:00 if the released value is < -0.3%. A price movement of 101 pips is expected. Historical events that allowed us to draw this conclusion
24 May 06:00 |
19 Apr 06:00 |
19 Jan 07:00 |
17 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
