TradersNews 75% probability that AUDUSD will trend down on Tuesday 11 Feb at 12:30 AM GMT if the AU NAB Business Confidence number is greater than economists’ expectations.

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  • TradersNews 75% probability that AUDUSD will trend down on Tuesday 11 Feb at 12:30 AM GMT if the AU NAB Business Confidence number is greater than economists’ expectations.

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This Tuesday 11 Feb at 12:30 AM GMT the latest AU NAB Business Confidence number will be released.
If the number is greater than than economists’ consensus there is a 75% probability that AUDUSD will trend down following the news event.

This probability is based on the last 12 AU NAB Business Confidence events, in which 3 of the last 4 events where the actual number was greater than than the economist consensus resulted in an down trend of AUDUSD.

Here are images of the past events:

Tuesday 12 Nov at 12:30 AM GMT:

Tuesday 13 Aug at 01:30 AM GMT:

Tuesday 11 Jun at 01:30 AM GMT:

Disclaimer: Past performance may not be indicative of future performance

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