18 pip movement on NZDUSD expected

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a 18 pip movement on NZDUSD within 2 hours following the event release at 25 Mar 11:01 GMT+11. We expect NZDUSD to trend downwards 2 hours following the event release at 25 Mar 11:01 GMT+11 if the released value is < -30 Historical events that allowed us to draw this conclusion

21 Jan 11:01
22 Oct 10:01
24 Sep 09:01
20 Aug 09:01
23 Apr 09:01

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