We expect USDCHF to trend downwards for the next 12 hours. Based on these past Australia NAB Business Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is > 1. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

14 Sep 11:30	10 May 11:30
09 Mar 11:30	09 Feb 11:30

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