We expect NZDUSD to trend downwards for the next 12 hours. Based on these past United States ISM Non-Manufacturing PMI news events there is a 66.67% chance of this. We expect this to happen because the released value is > 54.3. A price movement of 30 pips is expected.
Historical events that allowed us to draw this conclusion
03 Dec 15:00 |
05 Oct 14:00 |
03 Sep 14:00 |
04 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
