Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a $550 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend upwards for 48 hours because the released value is > 59.2
Historical events that allowed us to draw this conclusion
05 Nov 15:00 |
05 Jul 15:00 |
05 Jun 15:00 |
05 Mar 15:00 |
05 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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