We expect USDCHF to trend downwards later today. Based on these past Australia Westpac Consumer Confidence Index news events there is a 75% chance of this. We expect this to happen if the released value is > 117. A price movement of 79 pips is expected.

Historical events that allowed us to draw this conclusion

10 Mar 10:30	10 Feb 10:30
09 Dec 12:30	14 Oct 10:30
09 Sep 10:30	10 Jun 10:30

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