Based on the last 12 NAB Business Confidence events in Australia, we expect a 60 pip movement on USDCHF within 12 hours following the event release at 08 Feb 11:30 GMT+11. We expect USDCHF to trend downwards 12 hours following the event release at 08 Feb 11:30 GMT+11 if the released value is > -14

Historical events that allowed us to draw this conclusion

14 Sep 11:30	10 May 11:30
09 Mar 11:30	09 Feb 11:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).