Based on the last 12 ADP Employment Change events in US, we expect NZDUSD to trend down right now. Based on these past events there is a 83.3% of this.
We expect NZDUSD to trend down for the next 2 hours because the released value is > 180K. A price movement of 6 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jan 13:15 |
31 Oct 12:15 |
03 Oct 12:15 |
01 Aug 12:15 |
02 May 12:15 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
