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20 pip movement on NZDUSD expected

Based on the last 12 Consumer Confidence events in Switzerland, we expect a 20 pip movement on NZDUSD within 2 hours following the event release at 2023-05-02 07:00. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-05-02 07:00 if the released value is < -24.4 Historical events that allowed us to draw this conclusion

02 Aug 07:00
01 Feb 08:00
04 Nov 08:00
04 May 07:00
15 Apr 09:30