We expect a $80 movement on NZDUSD within 12 hours following the release of Unemployment Rate at 06 Sep 12:30. We expect NZDUSD to trend downwards 12 hours following the event release at 06 Sep 12:30 if the released value is = 5.7%. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jul 12:30 |
05 Apr 12:30 |
05 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
