We expect AUDUSD to trend upwards later today. Based on these past Australia NAB Business Confidence news events there is a 83.33% chance of this. We expect this to happen if the released value is > 10. A price movement of 66 pips is expected.

Historical events that allowed us to draw this conclusion

12 Oct 11:30	10 May 11:30
09 Mar 11:30	09 Feb 11:30
08 Dec 11:30

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