We expect a $870 movement on NZDUSD within 48 hours following the release of Unemployment Rate at 14 Nov 06:30. We expect NZDUSD to trend downwards 48 hours following the event release at 14 Nov 06:30 if the released value is > 8.4%. A price movement of 87 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 06:30 |
17 Nov 06:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
