32 pip movement on NZDUSD expected

Based on the last 12 NAB Business Confidence events in Australia, we expect a 32 pip movement on NZDUSD within 2 hours following the event release at 2023-01-24 00:30. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-01-24 00:30 if the released value is < 3 Historical events that allowed us to draw this conclusion

08 Nov 00:30

11 Oct 00:30

12 Jul 01:30

14 Jun 01:30

25 Jan 00:30