We expect GBPUSD to trend upwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen because the released value is > -3. A price movement of 61 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jul 01:30 |
11 Apr 01:30 |
14 Feb 00:30 |
09 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
