Australia NAB Business Confidence News Event – a possible $440 movement on AUDUSD

Past performance is not an indicator of future results.
Based on the last 12 NAB Business Confidence events in Australia, we expect a $440 movement on AUDUSD within the next 48 hours. We expect AUDUSD to trend upwards for 48 hours because the released value is < 4

Historical events that allowed us to draw this conclusion

12 Mar 00:30

11 Dec 00:30

13 Nov 00:30

11 Sep 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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