Based on the last 12 NAB Business Confidence events in Australia, we expect EURUSD to trend upwards. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend upwards for 4 hours because the released value is > 2. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

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

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