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We expect NZDUSD to trend downwards for the next 12 hours.

Based on the last 12 Ivey PMI s.a events in Canada, we expect NZDUSD to trend downwards for the next 12 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > 53.0

Historical events that allowed us to draw this conclusion

04 Apr 14:00
07 Jan 15:00
07 Nov 15:00
07 Sep 14:00

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

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