Based on the last 12 ISM Non-Manufacturing PMI events in US, we expect NZDUSD to trend down right now. Based on these past events there is a 71.4% of this.
We expect NZDUSD to trend down for the next 4 hours because the released value is > 59.3. A price movement of 9 pips is expected.
Historical events that allowed us to draw this conclusion
03 Oct 14:00 |
06 Sep 14:00 |
05 Jul 14:00 |
05 Feb 15:00 |
03 Nov 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
