We expect a $820 movement on NZDUSD within 48 hours following the release of NAB Business Confidence at 08 Mar 00:30. We expect NZDUSD to trend upwards 48 hours following the event release at 08 Mar 00:30 if the released value is > 1. A price movement of 82 pips is expected.
Historical events that allowed us to draw this conclusion
08 Feb 00:30 |
12 Oct 00:30 |
14 Sep 01:30 |
09 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
