Based on the last 12 NAB Business Confidence events in Australia, we could see a 54 pip movement on USDCHF for the next 12 hours. USDCHF could trend upwards for 12 hours because the released value is < 12 Historical events that allowed us to draw this conclusion
25 Jan 00:30 |
10 Aug 01:30 |
13 Jul 01:30 |
13 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
