Based on the last 12 Durable Goods Orders MoM events in United States, we expect a 43 pip movement on NZDUSD for the next 12 hours. We expect NZDUSD to trend downwards for 12 hours because the released value is < -0.5% Historical events that allowed us to draw this conclusion
27 Jul 12:30 |
24 Jun 12:30 |
27 May 12:30 |
24 Mar 12:30 |
27 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
