Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect a 18 pip movement on NZDUSD within 12 hours following the event release at 17 Jul 00:00 GMT+10. We expect NZDUSD to trend downwards 12 hours following the event release at 17 Jul 00:00 GMT+10 if the released value is < 86.5 Historical events that allowed us to draw this conclusion

15 May 00:00	17 Apr 00:00
16 Jan 02:00	18 Jul 00:00

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