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We expect NZDUSD to trend downwards today with a 66.67% chance.

We expect NZDUSD to trend downwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is < 70. A price movement of 123 pips is expected. Historical events that allowed us to draw this conclusion

12 Nov 15:00
17 Sep 14:00
13 Aug 14:00
16 Jul 14:00
15 Jan 15:00

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

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We expect a 0 pip movement on NE within 48 hours following the event release.

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