We expect NZDUSD to trend down later today. Based on these past EMU Unemployment Rate news events there is a 71.4% of this.
We expect this to happen if the released value is = 7.8%. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
01 Apr 09:00 |
01 Oct 09:00 |
31 Aug 09:00 |
31 Jul 09:00 |
02 May 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
