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We expect a $22.315 movement on DX within 12 hours following the release of GfK Consumer Confidence.

We expect a $22.315 movement on DX within 12 hours following the release of GfK Consumer Confidence at 20 Dec 00:01. We expect DX to trend downwards 12 hours following the event release at 20 Dec 00:01 if the released value is > -14. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

29 Mar 00:01

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

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We expect CT to trend downwards today.

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EUR/NZD Target Level: 1.6990

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