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What to trade around the US ADP Employment Change news event

What to trade around the US ADP Employment Change news event

Based on the last 12 ADP Employment Change events in US, we expect NZDUSD to trend down right now. Based on these past events there is a 83.3% of this.
We expect NZDUSD to trend down for the next 2 hours because the released value is > 180K. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

30 Jan 13:15
 
31 Oct 12:15
 
03 Oct 12:15
 
01 Aug 12:15
 
02 May 12:15
 

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

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