NZDUSD will trend upwards right now

Past performance is not an indicator of future results.
We expect NZDUSD to trend upwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is < 3. A price movement of 26 pips is expected.

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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