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We expect NZDUSD to trend downwards right now.

We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Canada Ivey PMI s.a news events there is a 75% chance of this. We expect this to happen because the released value is > 48.3. A price movement of 42 pips is expected.

Historical events that allowed us to draw this conclusion

06 Mar 15:00
04 Oct 14:00
05 Jul 14:00

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

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