Australia Employment Change News Event – a possible $310 movement on NZDUSD

Based on the last 12 Employment Change events in Australia, we expect a $310 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards for 2 hours because the released value is > -46.2K

Historical events that allowed us to draw this conclusion

17 Jun 11:30
15 Apr 11:30
18 Mar 11:30
19 Nov 11:30
15 Oct 11:30
17 Sep 11:30
13 Aug 11:30

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