Euro Area Unemployment Rate News Event – a possible $450 movement on NZDUSD

Past performance is not an indicator of future results.
Based on the last 12 Unemployment Rate events in Euro Area, we expect a $450 movement on NZDUSD within the next 48 hours. We expect NZDUSD to trend downwards for 48 hours because the released value is = 7.9%

Historical events that allowed us to draw this conclusion

01 Oct 10:00
31 Aug 10:00
31 Jul 10:00
02 May 10:00
04 Apr 10:00
31 Jan 10:00

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