Based on the last 12 Unemployment Rate events in Euro Area, we could see a 22 pip movement on NZDUSD for the next 4 hours. NZDUSD could trend upwards for 4 hours because the released value is < 6.8% Historical events that allowed us to draw this conclusion

03 Mar 21:00	01 Feb 21:00
01 Jul 19:00

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