We expect a $140 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend upwards 4 hours following the Michigan Consumer Sentiment Prel events in United States release because the released value is > 59. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
12 Aug 14:00 |
15 Jul 14:00 |
10 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
