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There is a 80% chance of USDCHF trending downwards

Based on past Australia NAB Business Confidence news events there is a 80% chance of USDCHF trending downwards. We expect this to happen if the released value is > -14. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

14 Sep 01:30
10 May 01:30
09 Mar 00:30
09 Feb 00:30

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

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