We expect NZDUSD to trend upwards later today. Based on these past Australia Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is < 15K. A price movement of 46 pips is expected. Historical events that allowed us to draw this conclusion
18 Jul 01:30 |
18 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
