Based on the last 12 NAB Business Confidence events in Australia, we expect a $270 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend upwards for 4 hours because the released value is < 10 Historical events that allowed us to draw this conclusion

11 Aug 11:30	14 Apr 11:30
11 Feb 11:30	28 Jan 11:30

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