We expect a $60 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend upwards 4 hours following the Ifo Business Climate events in Germany release because the released value is < 97.1. A price movement of 6 pips is expected. Historical events that allowed us to draw this conclusion
23 May 08:00 |
24 Apr 08:00 |
22 Feb 09:00 |
25 Jan 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
