We expect NZDUSD to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 71.43% chance of this. We expect this to happen if the released value is > -18. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

21 May 09:01	19 Mar 11:01
19 Feb 11:01	22 Jan 11:01
18 Dec 11:01

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