We expect a $410 movement on EURUSD within 4 hours following the release of NAB Business Confidence at 2023-03-14 11:30. We expect EURUSD to trend downwards 4 hours following the event release at 2023-03-14 11:30 if the released value is < 0. A price movement of 41 pips is expected. Historical events that allowed us to draw this conclusion

24 Jan 11:30	13 Dec 11:30
08 Nov 11:30	11 Oct 11:30
12 Jul 11:30

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