Are you on the right side of the AU NAB Business Confidence news event?
Based on the last 12 NAB Business Confidence events in AU, we expect NZDUSD to trend up later today. Based on these past events there is a 80.0% of this.
We expect NZDUSD to trend up 2 hours following the event release at 12 Feb 00:30 if the released value is > 3. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
|29 Jan 00:30
|09 Oct 00:30
|14 Aug 01:30
|07 May 01:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)