Based on the last 12 NAB Business Confidence events in Australia, we expect AUDUSD to trend upwards for the next 4 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > 0
Historical events that allowed us to draw this conclusion
13 Aug 01:30 |
12 Feb 00:30 |
29 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
