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We expect NZDUSD to trend downwards right now.

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”).

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