Based on the last 12 NAB Business Confidence events in Australia, we expect a 34 pip movement on USDCHF within 12 hours following the event release at 2022-11-08 11:30. We expect USDCHF to trend downwards 12 hours following the event release at 2022-11-08 11:30 if the released value is < 1 Historical events that allowed us to draw this conclusion

11 Oct 11:30	12 Jul 11:30
14 Jun 11:30	10 May 11:30
14 Dec 11:30

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