Based on the last 12 NAB Business Confidence events in Australia, we expect a 114 pip movement on USDCHF within 48 hours following the event release at 2023-05-08 01:30. We expect USDCHF to trend downwards 48 hours following the event release at 2023-05-08 01:30 if the released value is < 1 Historical events that allowed us to draw this conclusion
24 Jan 00:30 |
13 Dec 00:30 |
08 Nov 00:30 |
11 Oct 00:30 |
12 Jul 01:30 |
14 Jun 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
