We expect NZDUSD to trend upwards later today. Based on these past Switzerland Consumer Confidence news events there is a 80% chance of this. We expect this to happen if the released value is > 4.5. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

03 Aug 17:00	04 Feb 19:00
04 Aug 15:45	01 Nov 17:45

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