Based on the last 12 Balance of Trade events in Australia, we expect USDCHF to trend upwards. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards for 2 hours because the released value is < A$6B. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
05 Sep 01:30 |
06 Jun 01:30 |
08 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
