We expect USDCHF to trend downwards for the next 48 hours.

Based on past Australia NAB Business Confidence news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen because the released value is < -1. A price movement of 146 pips is expected. Historical events that allowed us to draw this conclusion

14 Nov 00:30

13 Jun 01:30

08 May 01:30

24 Jan 00:30

13 Dec 00:30

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