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We expect NZDUSD to trend downwards for the next 48 hours.

We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Germany Unemployment Rate news events there is a 80% chance of this. We expect this to happen because the released value is = 5.4%. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

31 May 07:55
31 Mar 07:55
28 Oct 07:55

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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