We expect NKD to trend upwards right now.

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect NKD to trend upwards right now. Based on these past events there is a 81.82% chance of this. We expect NKD to trend upwards for the next 48 hours because the released value is = 0.25%. A price movement of 65,500 pips is expected.

Historical events that allowed us to draw this conclusion

07 Jul 04:30
02 Jun 04:30
05 May 04:30
19 Mar 03:30
04 Feb 03:30
03 Sep 04:30
06 Aug 04:30

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

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