We expect AUDUSD to trend downwards for the next 2 hours. Based on these past Australia NAB Business Confidence news events there is a 83.33% chance of this. We expect this to happen because the released value is < 10. A price movement of 15 pips is expected. Historical events that allowed us to draw this conclusion
14 Dec 00:30 |
10 Aug 01:30 |
08 Jun 01:30 |
13 Apr 01:30 |
27 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
