What to trade around Australia NAB Business Confidence news event

Past performance is not an indicator of future results.
Based on the last 12 NAB Business Confidence events in Australia, we expect NZDUSD to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect NZDUSD to trend upwards for the next 4 hours because the released value is < 4. A price movement of 17 pips is expected.

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

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”).

Opere Ahora