Based on the last 12 NAB Business Confidence events in Australia, we expect NZDUSD to trend downwards right now. Based on these past events there is a 85.71% chance of this. We expect NZDUSD to trend downwards for the next 48 hours because the released value is < -15. A price movement of 66 pips is expected. Historical events that allowed us to draw this conclusion

10 Mar 12:00	28 Jan 11:30
08 Oct 11:30	10 Sep 11:30
14 May 11:30	01 Apr 11:30

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