We expect PL to trend downwards right now.

Based on the last 12 NAB Business Confidence events in Australia, we expect PL to trend downwards right now. Based on these past events there is a 80% chance of this. We expect PL to trend downwards for the next 48 hours because the released value is < 10. A price movement of 5,075 pips is expected. Historical events that allowed us to draw this conclusion

11 Aug 01:30

10 Mar 01:00

11 Feb 00:30

28 Jan 00:30

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