We expect USDCHF to trend upwards later today. Based on these past Australia Employment Change news events there is a 66.67% chance of this. We expect this to happen if the released value is > 10K. A price movement of 7 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 01:30 |
16 May 01:30 |
21 Feb 00:30 |
24 Jan 00:30 |
20 Dec 00:30 |
15 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
