Based on the last 12 Consumer Confidence events in Japan, we expect NZDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 2023-04-10 05:00 if the released value is > 31.9. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 05:00 |
05 Jan 05:00 |
31 Aug 05:00 |
02 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
