Australia Unemployment Rate News Event – a possible $170 movement on NZDUSD

Based on the last 12 Unemployment Rate events in Australia, we expect a $170 movement on NZDUSD within 2 hours following the event release at 11 Nov 00:30. We expect NZDUSD to trend downwards 2 hours following the event release at 11 Nov 00:30 if the released value is < 4.8% Historical events that allowed us to draw this conclusion

14 Oct 00:30
16 Sep 01:30
19 Aug 01:30
15 Jul 01:30
17 Jun 01:30
15 Apr 01:30
18 Mar 00:30
18 Feb 00:30
19 Nov 00:30