NZDUSD will trend up right now
We expect NZDUSD to trend up for the next 2 hours. Based on these past US ISM Non-Manufacturing PMI news events there is a 71.4% of this.
We expect this to happen because the released value is > 59.2. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
|06 Sep 14:00
|05 Jul 14:00
|05 Jun 14:00
|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”)