We expect NZDUSD to trend downwards for the next 2 hours. Based on these past Germany Ifo Business Climate news events there is a 66.67% chance of this. We expect this to happen because the released value is < 86.7. A price movement of 11 pips is expected. Historical events that allowed us to draw this conclusion
25 Jul 08:00 |
24 May 08:00 |
24 Apr 08:00 |
26 Sep 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
