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We expect NZDUSD to trend downwards today with a 80% chance.

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”).

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