Based on the last 12 Adp Employment Change events in United States, we expect a $520 movement on NZDUSD within 2 hours following the event release at 2023-03-09 00:15. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-03-09 00:15 if the released value is > 200K

Historical events that allowed us to draw this conclusion

06 Jan 00:15	02 Nov 23:15
05 Oct 23:15	31 Aug 22:15
03 Mar 00:15

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