We expect a $200 movement on AUDUSD within the next 4 hours.

We expect a $200 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend upwards 4 hours following the NAB Business Confidence events in Australia release because the released value is > 2. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jul 01:30

09 Apr 01:30

23 Jan 00:30

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