We expect a $270 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards 2 hours following the Non Farm Payrolls events in United States release because the released value is > 300K. A price movement of 27 pips is expected.
Historical events that allowed us to draw this conclusion
05 Aug 22:30 |
03 Jun 22:30 |
06 May 22:30 |
05 Mar 00:30 |
05 Feb 00:30 |
05 Nov 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).