We expect EURUSD to trend upwards for the next 4 hours.

Based on the last 12 NAB Business Confidence events in Australia, we expect EURUSD to trend upwards for the next 4 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is > 2

Historical events that allowed us to draw this conclusion

08 Mar 00:30

12 Oct 00:30

14 Sep 01:30

09 Mar 00:30

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