What to trade around Canada Unemployment Rate news event

Based on the last 12 Unemployment Rate events in Canada, we expect NZDUSD to trend upwards right now. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards for the next 48 hours because the released value is < 5.8%. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

02 Nov 12:30
09 Mar 13:30
05 Jan 13:30
01 Dec 13:30

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

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