We expect NZDUSD to trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 80% chance of this. We expect this to happen if the released value is < 78.5. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

13 Feb 02:00	14 Nov 02:00
18 Jul 00:00	10 Apr 00:00

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