Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend upwards 4 hours following the event release at 12 Apr 19:00 if the released value is > -48. A price movement of 22 pips is expected.

Historical events that allowed us to draw this conclusion

18 Jan 21:00	07 Dec 21:00
11 May 19:00

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