We expect a $2013 movement on ZW within the next 4 hours. We expect ZW to trend downwards 4 hours following the NAB Business Confidence events in Australia release because the released value is > -5. A price movement of 350 pips is expected.
Historical events that allowed us to draw this conclusion
09 Apr 01:30 |
10 Oct 00:30 |
12 Sep 01:30 |
08 Aug 01:30 |
11 Jul 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
