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What to trade around the US ISM Non-Manufacturing PMI news event

What to trade around the US ISM Non-Manufacturing PMI news event

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”)

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