Based on the last 12 NAB Business Confidence events in Australia, we expect a 1597 pip movement on OJ within 48 hours following the event release at 2023-04-11 01:30. We expect OJ to trend upwards 48 hours following the event release at 2023-04-11 01:30 if the released value is > -2
Historical events that allowed us to draw this conclusion
14 Feb 00:30 |
13 Sep 01:30 |
12 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
