Based on the last 12 Balance of Trade events in Australia, we expect USDCHF to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend upwards 4 hours following the event release at 2023-08-03 01:30 if the released value is > A$11B. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
04 May 01:30 |
06 Apr 01:30 |
12 Jan 00:30 |
08 Dec 00:30 |
04 Aug 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
