17 pip movement on NZDUSD expected

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect a 17 pip movement on NZDUSD within 2 hours following the event release at 03 Mar 15:00 UTC. We expect NZDUSD to trend downwards 2 hours following the event release at 03 Mar 15:00 UTC if the released value is < 58.7 Historical events that allowed us to draw this conclusion

03 Dec 15:00
03 Sep 14:00