Based on the last 12 NAB Business Confidence events in Australia, we could see a $1220 movement on NZDUSD within the next 48 hours. We may see NZDUSD trend downwards for 48 hours because the released value is > 1
Historical events that allowed us to draw this conclusion
08 Aug 01:30 |
11 Apr 01:30 |
14 Feb 00:30 |
13 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
