Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $290 movement on NZDUSD within 4 hours following the event release at 12 Feb 10:30. We expect NZDUSD to trend downwards 4 hours following the event release at 12 Feb 10:30 if the released value is > 94.3

Historical events that allowed us to draw this conclusion

15 May 10:30

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