Based on the last 12 Adp Employment Change events in United States, we expect a 29 pip movement on NZDUSD within 2 hours following the event release at 2023-02-02 00:15. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-02-02 00:15 if the released value is < 178K Historical events that allowed us to draw this conclusion

01 Dec 00:15	04 May 22:15
03 Feb 00:15

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