Australia Westpac Consumer Confidence Index News Event – a $520 opportunity on NZDUSD

We expect a $520 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend upwards 2 hours following the Westpac Consumer Confidence Index events in Australia release because the released value is > 108. A price movement of 52 pips is expected.

Historical events that allowed us to draw this conclusion

09 Dec 01:30
09 Sep 00:30
10 Jun 00:30
11 Feb 23:30