Based on the last 12 NAB Business Confidence events in Australia, we could see a $190 movement on NZDUSD within the next 4 hours. We may see NZDUSD trend downwards for 4 hours because the released value is < 8 Historical events that allowed us to draw this conclusion
11 Mar 00:30 |
28 Jan 00:30 |
10 Dec 00:30 |
08 Oct 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
