There is a 71.43% chance of NZDUSD trending downwards

Based on past United Kingdom GfK Consumer Confidence news events there is a 71.43% chance of NZDUSD trending downwards. We expect this to happen because the released value is > -8. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

20 May 23:01
19 Mar 00:01
19 Feb 00:01
22 Jan 00:01
18 Dec 00:01

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

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