Based on the last 12 Ivey PMI s.a events in Canada, we expect NZDUSD to trend downwards for the next 12 hours. Based on these past events there is a 80% chance of this. This will happen because the released value is > 53.0
Historical events that allowed us to draw this conclusion
04 Apr 14:00 |
07 Jan 15:00 |
07 Nov 15:00 |
07 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
