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We expect 6C to trend downwards today with a 66.67% chance.

Based on the last 12 NAB Business Confidence events in Australia, we expect 6C to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 6

Historical events that allowed us to draw this conclusion

10 Nov 00:30
08 Sep 01:30
14 Jul 01:30
09 Jun 01:30

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

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