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We expect CL to trend downwards today with a 71.43% chance.

We expect CL to trend downwards later today. Based on these past Australia NAB Business Confidence news events there is a 71.43% chance of this. We expect this to happen if the released value is < 5. A price movement of 326 pips is expected. Historical events that allowed us to draw this conclusion

10 May 01:30
25 Jan 00:30
14 Dec 00:30
10 Aug 01:30
08 Jun 01:30

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

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Important price line breached by XRPUSD. This price has been tested numerous times before.

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We expect USDCHF to trend downwards right now.

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