AUDUSD may trend downwards from 10 May 11:30

AUDUSD could trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 66.67% chance of this. This could happen only if the released value is < 12. The price movement may be as big as 17 pips. 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”).