We expect a $270 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards 4 hours following the Unemployment Rate events in Canada release because the released value is = 5.5%. A price movement of 27 pips is expected.
Historical events that allowed us to draw this conclusion
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”).
