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There is a 85.71% chance of 6C trending upwards

Based on past Australia NAB Business Confidence news events there is a 85.71% chance of 6C trending upwards. We expect this to happen if the released value is > -13. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

10 May 01:30
09 Mar 00:30
09 Feb 00:30
08 Dec 00:30
10 Nov 00:30
05 Oct 00:30

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

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Breach of 133.2656 could mean a start of a bullish trend on 10 year US Treasury Note DECEMBER 2021

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We expect 6C to trend upwards for the next 4 hours.

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