We expect a $160 movement on AUDUSD within the next 4 hours. We expect AUDUSD to trend downwards 4 hours following the NAB Business Confidence events in Australia release because the released value is > 6. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

09 Aug 11:30	08 Mar 11:30
12 Oct 11:30	14 Sep 11:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).