We expect AUDUSD to trend upwards 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 > 6. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
09 Aug 01:30 |
12 Apr 01:30 |
08 Mar 00:30 |
08 Feb 00:30 |
14 Sep 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
