Australia NAB Business Confidence News Event – a $190 opportunity on AUDUSD

Past performance is not an indicator of future results.
We expect a $190 movement on AUDUSD within the next 12 hours. We expect AUDUSD to trend downwards 12 hours following the NAB Business Confidence events in Australia release because the released value is > 2. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

09 Oct 01:30

14 Aug 02:30

07 May 02:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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