Based on the last 12 NAB Business Confidence events in Australia, we expect NZDUSD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect NZDUSD to trend upwards for the next 2 hours because the released value is > 5. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

10 Nov 11:30	05 Oct 11:30
14 Jul 11:30	09 Jun 11:30
12 May 11:30

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