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We expect USDCHF to trend upwards right now.

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect USDCHF to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend upwards for the next 12 hours because the released value is = 0.1%. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

07 Dec 03:30
02 Nov 03:30
05 Oct 03:30
07 Sep 04:30
06 Jul 04:30
04 May 04:30
02 Mar 03:30
02 Feb 03:30

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

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After testing 1.1191 numerous times, EUR/USD is once again approaching this price point. Can we expect a bearish trend to follow?

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AUD/USD – approaching a price line that has been previously tested numerous times in the past

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