We expect 6A to trend upwards right now.

Based on the last 12 NAB Business Confidence events in Australia, we expect 6A to trend upwards right now. Based on these past events there is a 75% chance of this. We expect 6A to trend upwards for the next 4 hours because the released value is > 0. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

13 Aug 01:30

12 Feb 00:30

29 Jan 00:30

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