Past performance is not an indicator of future results.
Based on the last 12 NAB Business Confidence events in Australia, we expect a $260 movement on NZDUSD within the next 12 hours. We expect NZDUSD to trend upwards for 12 hours because the released value is < 3
Historical events that allowed us to draw this conclusion
11 Dec 00:30 |
13 Nov 00:30 |
12 Jun 02:30 |
10 Apr 02:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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