Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a $130 movement on NZDUSD within 12 hours following the event release at 24 Jul 00:00. We expect NZDUSD to trend upwards 12 hours following the event release at 24 Jul 00:00 if the released value is < -12 Historical events that allowed us to draw this conclusion

24 Jan 02:00	21 Dec 02:00
24 Oct 01:00	23 Aug 00:00

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