Based on the last 12 ADP Employment Change events in US, we expect NZDUSD to trend down later today. Based on these past events there is a 77.8% of this.
We expect NZDUSD to trend down 4 hours following the event release at 31 Oct 12:15 if the released value is > 189K. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
03 Oct 12:15 |
01 Aug 12:15 |
02 May 12:15 |
07 Mar 13:15 |
31 Jan 13:15 |
06 Dec 13:15 |
01 Nov 12:15 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
