We expect NZDUSD to trend downwards later today. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is = 7.2%. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
02 Dec 10:00 |
30 Sep 09:00 |
01 Sep 09:00 |
01 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
