Australia NAB Business Confidence News Event – a possible $272.36 movement on USDCHF

Based on the last 12 NAB Business Confidence events in Australia, we expect a $272.36 movement on USDCHF within the next 4 hours. We expect USDCHF to trend downwards for 4 hours because the released value is > -10

Historical events that allowed us to draw this conclusion

14 Jul 11:30
12 May 11:30

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