Based on the last 12 NAB Business Confidence events in Australia, we expect EURUSD to trend upwards for the next 12 hours. Based on these past events there is a 88.89% chance of this. This may happen because the released value is > 18

Historical events that allowed us to draw this conclusion

09 Mar 11:30	09 Feb 11:30
08 Dec 11:30	10 Nov 11:30
05 Oct 11:30	14 Jul 11:30
09 Jun 11:30	12 May 11:30

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