Germany Unemployment Rate News Event – a possible $390 movement on NZDUSD

Based on the last 12 Unemployment Rate events in Germany, we expect a $390 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend upwards for 12 hours because the released value is = 6%

Historical events that allowed us to draw this conclusion

05 Jan 19:55
28 Feb 19:55

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