Based on the last 12 NAB Business Confidence events in Australia, we expect EURUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect EURUSD to trend downwards 2 hours following the event release at 12 May 01:30 if the released value is > -75. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

12 Nov 00:30

13 Aug 01:30