We expect NZDUSD to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 80% chance of this. We expect this to happen if the released value is > -13. A price movement of 5 pips is expected.
Historical events that allowed us to draw this conclusion
30 May 23:01 |
29 Mar 00:01 |
28 Feb 00:01 |
30 Aug 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
