Based on the last 12 NAB Business Confidence events in Australia, we expect a $1970 movement on EURUSD within 48 hours following the event release at 2022-08-09 01:30. We expect EURUSD to trend downwards 48 hours following the event release at 2022-08-09 01:30 if the released value is > 2
Historical events that allowed us to draw this conclusion
12 Apr 01:30 |
08 Mar 00:30 |
12 Oct 00:30 |
14 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
