Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 41 pip movement on NZDUSD within 2 hours following the event release at 10 Nov 10:00 UTC. We expect NZDUSD to trend downwards 2 hours following the event release at 10 Nov 10:00 UTC if the released value is < 41.7 Historical events that allowed us to draw this conclusion

13 Oct 09:00

17 Mar 10:00

18 Feb 10:00