Based on the last 12 Unemployment Rate events in United Kingdom, we expect NZDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards 12 hours following the event release at 2023-05-16 16:00 if the released value is > 3.8%. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

18 Apr 16:00

15 Nov 18:00

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