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”).
