Euro Area Unemployment Rate News Event – a possible $1,330 movement on NZDUSD

Based on the last 12 Unemployment Rate events in Euro Area, we expect a $1,330 movement on NZDUSD within 48 hours following the event release at 01 Sep 19:00. We expect NZDUSD to trend downwards 48 hours following the event release at 01 Sep 19:00 if the released value is < 8% Historical events that allowed us to draw this conclusion

30 Apr 19:00
01 Apr 20:00
30 Jan 21:00
30 Sep 19:00

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