We expect a $670 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards 48 hours following the Unemployment Rate events in Australia release because the released value is > 3.4%. A price movement of 67 pips is expected.
Historical events that allowed us to draw this conclusion
15 Sep 01:30 |
14 Apr 01:30 |
11 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
