Based on past Australia NAB Business Confidence news events there is a 85.71% chance of USDCHF trending downwards. We expect this to happen because the released value is > -3. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
23 Jan 00:30 |
10 Oct 00:30 |
12 Sep 01:30 |
08 Aug 01:30 |
11 Jul 01:30 |
11 Apr 01:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
