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We expect a 15 pip movement on NZDUSD within 12 hours following the event release.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 15 pip movement on NZDUSD within 12 hours following the event release at 03 Mar 15:00 UTC. We expect NZDUSD to trend upwards 12 hours following the event release at 03 Mar 15:00 UTC if the released value is < 61 Historical events that allowed us to draw this conclusion

06 Jan 15:00
05 May 14:00
03 Mar 15:00

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

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