We expect a $70 movement on NZDUSD within 4 hours following the event release at 11 Jul 12:30.

Based on the last 12 Continuing Jobless Claims events in United States, we expect a $70 movement on NZDUSD within 4 hours following the event release at 11 Jul 12:30. We expect NZDUSD to trend upwards 4 hours following the event release at 11 Jul 12:30 if the released value is > 1685K

Historical events that allowed us to draw this conclusion

03 Jul 12:30
27 Jun 12:30
13 Jun 12:30
09 May 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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