Based on the last 12 NAB Business Confidence events in Australia, we expect USDCHF to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend downwards 4 hours following the event release at 2023-02-14 00:30 if the released value is > 1. A price movement of 12 pips is expected.
Historical events that allowed us to draw this conclusion
13 Sep 01:30 |
09 Aug 01:30 |
12 Apr 01:30 |
08 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
