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”).
