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Want to know why NZDUSD is going down for the next 2 hours?

Want to know why NZDUSD is going down for the next 2 hours?

Based on the last 12 Michigan Consumer Sentiment Prel events in US, we expect a $80 movement on NZDUSD within the next 2 hours.
We expect NZDUSD to trend down for the next 2 hours because the released value is < 100.4 Historical events that allowed us to draw this conclusion

17 Aug 14:00
 
13 Apr 14:00
 
19 Jan 15:00
 
08 Dec 15:00
 
10 Nov 15:00
 

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

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