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We expect NZDUSD to trend upwards today.

Based on the last 12 Inflation Rate YoY events in United States, we could expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 10 Jun 12:30 if the released value is = 8.3%. A price movement of 57 pips could result.

Historical events that allowed us to draw this conclusion

10 Mar 13:30
12 Jan 13:30
10 Dec 13:30

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

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