Based on past Euro Area Consumer Confidence Flash news events there is a 83.33% chance of NZDUSD trending downwards. We expect this to happen if the released value is > -24. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

24 Mar 02:00	21 Feb 02:00
22 Nov 02:00	21 Sep 00:00
24 Jul 00:00

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