Based on the last 12 NAB Business Confidence events in Australia, we could see a $140 movement on GBPUSD within the next 2 hours. GBPUSD could trend upwards for the next 2 hours because the released value is > -1
Historical events that allowed us to draw this conclusion
23 Jan 00:30 |
12 Sep 01:30 |
08 Aug 01:30 |
11 Jul 01:30 |
11 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
