71.43% probability that NZDUSD may trend upwards right now

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect NZDUSD to trend upwards for the next 48 hours. Based on these past events there is a 71.43% chance of this. This may happen because the released value is > 102

Historical events that allowed us to draw this conclusion

14 Jul 10:30
14 Apr 10:30
10 Mar 10:30
09 Dec 12:30
09 Sep 10:30

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