Based on the last 12 Consumer Confidence events in Switzerland, we expect NZDUSD to trend downwards right now. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend downwards for the next 4 hours because the released value is < 4.5. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
04 Nov 08:00 |
04 May 07:00 |
15 Apr 09:30 |
04 Nov 06:45 |
03 May 05:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
