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We expect a $371 movement on KC within 4 hours following the release of NAB Business Confidence.

Based on the last 12 NAB Business Confidence events in Australia, we expect KC to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect KC to trend upwards 4 hours following the event release at 2023-01-24 00:30 if the released value is < 3. A price movement of 234 pips is expected. Historical events that allowed us to draw this conclusion

13 Dec 00:30
11 Oct 00:30
14 Jun 01:30
25 Jan 00:30

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

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We expect AUDUSD to trend downwards today with a 71.43% chance.

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Esperamos un movimiento en $370 del USDJPY dentro de 4 horas después de la publicación del evento a las 2023-01-24 00:30.

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