Based on past United Kingdom Retail Sales MoM news events there is a 80% chance of NZDUSD trending downwards. We expect this to happen if the released value is > -0.3%. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
21 Feb 07:00 |
20 Sep 06:00 |
21 Jun 06:00 |
22 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
