EURUSD may trend upwards from 08 Sep 11:30

We expect EURUSD to trend upwards 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 < -18. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion

11 Aug 11:30
14 Apr 11:30
10 Mar 12:00
11 Feb 11:30
28 Jan 11:30
08 Oct 11:30

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