We expect NZDUSD to trend downwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 71.43% chance of this. We expect this to happen if the released value is < -7.3. A price movement of 52 pips is expected. Historical events that allowed us to draw this conclusion
23 Oct 14:00 |
22 Aug 14:00 |
23 Apr 14:00 |
21 Dec 15:00 |
22 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
