Based on the last 12 Employment Change events in Australia, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 48 hours following the event release at 15 Aug 01:30 if the released value is < 14K. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion
18 Jul 01:30 |
18 Oct 00:30 |
16 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
