Based on past Australia NAB Business Confidence news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen if the released value is > 6. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

10 Nov 11:30	05 Oct 11:30
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”).