Based on the last 12 Unemployment Rate events in United Kingdom, we could see a 22 pip movement on NZDUSD for the next 12 hours. NZDUSD could trend downwards for 12 hours because the released value is > 4.3%
Historical events that allowed us to draw this conclusion
16 Apr 06:00 |
12 Mar 07:00 |
15 Aug 06:00 |
11 Jul 06:00 |
16 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
