Based on the last 12 Balance of Trade events in Australia, we expect USDCHF to trend upwards. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards for 12 hours because the released value is < A$10.6B. A price movement of 53 pips is expected. Historical events that allowed us to draw this conclusion
04 May 01:30 |
01 Apr 00:30 |
07 Jan 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
