Based on the last 12 NAB Business Confidence events in Australia, we expect a 17 pip movement on AUDUSD within 4 hours following the event release at 08 Mar 11:30 GMT+11. We expect AUDUSD to trend downwards 4 hours following the event release at 08 Mar 11:30 GMT+11 if the released value is < 1 Historical events that allowed us to draw this conclusion

25 Jan 11:30	10 Aug 11:30
08 Jun 11:30	13 Apr 11:30

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