We expect a $450 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend upwards 48 hours following the Ivey PMI s.a events in Canada release because the released value is > 48.8. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
04 Mar 15:00 |
04 Feb 15:00 |
07 Dec 15:00 |
07 Oct 14:00 |
08 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
