Based on the last 12 NAB Business Confidence events in Australia, we expect PL to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect PL to trend upwards 2 hours following the event release at 25 Jan 00:30 if the released value is > 10. A price movement of 1,100 pips is expected.

Historical events that allowed us to draw this conclusion

12 Oct 00:30

10 May 01:30

09 Mar 00:30

09 Feb 00:30