We expect a $1,090 movement on NZDUSD within 48 hours following the release of Westpac Consumer Confidence Index at 19 Jan 10:30. We expect NZDUSD to trend upwards 48 hours following the event release at 19 Jan 10:30 if the released value is > 104. A price movement of 109 pips is expected.

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

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