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NZDUSD will trend down from 30 Apr 12:00

NZDUSD will trend down from 30 Apr 12:00

We expect NZDUSD to trend down later today. Based on these past DE Inflation Rate YoY Prel news events there is a 75.0% of this.
We expect this to happen if the released value is > 1.3%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

28 Feb 13:00
 
27 Sep 12:00
 
30 May 12:00
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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