Trade with an edge around todays Japan Consumer Confidence news event

Past performance is not an indicator of future results.
Based on past Japan Consumer Confidence news events there is a 70% chance of NZDUSD trending downwards. We expect this to happen if the released value is < 40.8. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

01 Mar 05:00
30 Jan 05:00
31 Oct 05:00
29 Aug 06:00
31 Jul 06:00
29 Jun 06:00
02 May 06:00

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

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