We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Germany Unemployment Rate news events there is a 80% chance of this. We expect this to happen because the released value is = 5.4%. A price movement of 31 pips is expected.
Historical events that allowed us to draw this conclusion
31 May 07:55 |
31 Mar 07:55 |
28 Oct 07:55 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
