We expect NZDUSD to trend upwards for the next 48 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 80% chance of this. We expect this to happen because the released value is < -8. A price movement of 83 pips is expected. Historical events that allowed us to draw this conclusion

24 Aug 00:00	23 Jul 00:00
23 Jun 00:00	22 Jan 02:00

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