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We expect RTY to trend downwards with a 66.67% chance.

Based on the last 12 NAB Business Confidence events in Australia, we expect RTY to trend downwards. Based on these past events there is a 66.67% chance of this. We expect RTY to trend downwards for 2 hours because the released value is < -1. A price movement of 794 pips is expected. Historical events that allowed us to draw this conclusion

10 Mar 01:00
10 Sep 01:30

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

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We expect a $2,819,945.398 movement on NQ within 48 hours following the release of NAB Business Confidence.

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Resistance line breached by UK100. This price has been tested at least twice before.

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