We expect a $220 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend downwards 12 hours following the Unemployment Rate events in United Kingdom release because the released value is > 4%. A price movement of 22 pips is expected.
Historical events that allowed us to draw this conclusion
12 Mar 07:00 |
15 Aug 06:00 |
11 Jul 06:00 |
16 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
