Based on past Australia Westpac Consumer Confidence Index news events there is a 80% chance of NZDUSD trending upwards. We expect this to happen because the released value is > 90. A price movement of 63 pips is expected.

Historical events that allowed us to draw this conclusion

12 Feb 10:30	13 Nov 10:30
11 Sep 10:30	14 Aug 10:30

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