Based on the last 12 NAB Business Confidence events in Australia, we expect AUDUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend downwards 4 hours following the event release at 2023-01-24 00:30 if the released value is < 3. A price movement of 45 pips is expected. Historical events that allowed us to draw this conclusion
13 Dec 00:30 |
08 Nov 00:30 |
11 Oct 00:30 |
12 Jul 01:30 |
25 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
