NZDUSD could trend upwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 80% chance of this. This could happen only if the released value is < 57.6. The price movement may be as big as 20 pips. Historical events that allowed us to draw this conclusion
01 Apr 14:00 |
04 Jan 15:00 |
02 Aug 14:00 |
03 May 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
