Based on the last 12 NAB Business Confidence events in Australia, we expect a 122 pip movement on NZDUSD within 48 hours following the event release at 2023-04-11 11:30. We expect NZDUSD to trend downwards 48 hours following the event release at 2023-04-11 11:30 if the released value is > -2

Historical events that allowed us to draw this conclusion

14 Feb 11:30	13 Sep 11:30
12 Apr 11:30

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