Australia NAB Business Confidence News Event – a $130 opportunity on NZDUSD
We expect a $130 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards 2 hours following the NAB Business Confidence events in Australia release because the released value is > 1. A price movement of 13 pips is expected.Historical events that allowed us to draw this conclusion08 Feb 00:3012 Oct 00:3014 Sep 01:3010 May 01:30