We expect a $340 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards 48 hours following the Unemployment Rate events in United Kingdom release because the released value is > 3.8%. A price movement of 34 pips is expected.
Historical events that allowed us to draw this conclusion
18 Apr 06:00 |
15 Nov 07:00 |
14 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
