Based on past Australia Balance of Trade news events there is a 85.71% chance of USDCHF trending upwards. We expect this to happen because the released value is > A$10.1B. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

04 Aug 11:30	02 Jun 11:30
05 May 11:30	03 Mar 11:30
02 Dec 11:30	04 Nov 11:30
05 Oct 11:30

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