We expect ZB to trend upwards right now.

Based on the last 12 NAB Business Confidence events in Australia, we expect ZB to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect ZB to trend upwards for the next 12 hours because the released value is < 24. A price movement of 35 pips is expected. Historical events that allowed us to draw this conclusion

13 Apr 01:30

27 Jan 00:30

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