NZD/USD Bearish Day · Open–Close Range Statistics

NZD/USD
Bearish Range Distribution

Comprehensive analysis of how far NZD/USD closes below the daily open on bearish sessions. Based on 2,730 bearish days spanning 24 years of price history.

Updated 11 Feb 2025 n = 2,730 24yr dataset
Sample
2,730
Bearish days analysed
Peak Zone
16.95%
100–200 pip range · most common close range
Avg Close Range
472.7
Average open → close pips (bearish)
Cumulative
61.8%
Closes within 500 pips of open
Raw Data

Open–Close Range Distribution

Range (Pips)Days% of TotalDistributionRolling %

Rolling % = cumulative probability of closing at least that far below the open on a bearish day.

Probability Curve

Cumulative Distribution

71.1% of bearish days: close within 600 pips
91.3% of bearish days: close within 1000 pips
Frequency Chart

Range Distribution Histogram

2,730 bearish sessions

100–200 pip range dominates at 16.95% — core net profit zone for bearish targets.

Observations

Key Trading Insights

Highest Probability

16.95% in 100–200 Pips

The single highest outcome for net daily close. Ideal take-profit zone for short-term bearish trades.

Median Net Move

400–500 Pips Benchmark

Median net close falls in 400–500 pip range. Standard expected bearish move: ~450 pips.

High Confidence

61.8% Within 500 Pips

Over 61% of bearish days close at least 400–500 pips lower. Reliable net downside.

Tail Rareness

>1500 Pips: 0.51%

Extreme closures beyond 1500 pips are extremely rare. Focus on targets ≤1100 pips for 93% coverage.

Profit Target Framework

Trading Application: Open → Close

Set high-probability end-of-day targets or define expected reward for bearish swing trades.

High-Probability Cluster

Target 100–500 pips net profit

Covers >61% of bearish closes. Core zone for conservative take-profit orders.

Median Benchmark TP

400–500 pips from open

Historical median net movement; ideal standard take-profit for swing shorts.

Manage Expectations

Avoid targets >1100 pips

93% of closes are ≤1100 pips. Extreme outliers (0.5%) not reliable for strategy.

Disclaimer: Past performance does not guarantee future results. Combine with technical/fundamental analysis.RBNZ & risk sentiment sensitive
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