Based on the last 12 NAB Business Confidence events in Australia, we expect a $130 movement on AUDUSD within the next 2 hours. We expect AUDUSD to trend downwards for the next 2 hours because the released value is > -32

Historical events that allowed us to draw this conclusion

12 Nov 11:30	13 Aug 11:30
11 Jun 11:30

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