Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 14 Aug 00:00 if the released value is < 81.2. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

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

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