We expect EURUSD to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 85.71% chance of this. We expect this to happen if the released value is < -14. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

25 Jan 11:30	14 Dec 11:30
13 Jul 11:30	08 Jun 11:30
13 Apr 11:30	27 Jan 11:30

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