Based on the last 12 NAB Business Confidence events in Australia, we expect a 75 pip movement on USDCHF within 48 hours following the event release at 2024-12-10 00:30. We expect USDCHF to trend downwards 48 hours following the event release at 2024-12-10 00:30 if the released value is < 4 Historical events that allowed us to draw this conclusion
13 Aug 01:30 |
11 Jun 01:30 |
13 May 01:30 |
12 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
