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We expect 6J to trend upwards for the next 12 hours.

We expect 6J to trend upwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen because the released value is < 1. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

08 Oct 00:30
10 Sep 01:30
01 Apr 00:30
12 Mar 00:30

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

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