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We expect 6M to trend upwards today.

Based on the last 12 NAB Business Confidence events in Australia, we expect 6M to trend upwards later today. Based on these past events there is a 75% chance of this. We expect 6M to trend upwards 48 hours following the event release at 13 Jul 01:30 if the released value is < 19. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

08 Jun 01:30
13 Apr 01:30
11 Aug 01:30

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

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We expect a 0 pip movement on 6S within 2 hours following the event release.

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AUS200 – breach of price line thats been previously tested numerous times before

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