We expect DX to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen if the released value is > -14. A price movement of 16 pips is expected.
Historical events that allowed us to draw this conclusion
12 Oct 00:30 |
14 Sep 01:30 |
09 Mar 00:30 |
09 Feb 00:30 |