We expect a $1220 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards 48 hours following the NAB Business Confidence events in Australia release because the released value is > -1. A price movement of 122 pips is expected.
Historical events that allowed us to draw this conclusion
11 Apr 01:30 |
14 Feb 00:30 |
13 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
