Based on the last 12 Unemployment Rate events in Euro Area, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 08 Jan 21:00 if the released value is < 8.5%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

01 Sep 19:00	02 Jul 19:00
01 Apr 20:00	30 Jan 21:00

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