We expect a $162 movement on USDCHF within the next 4 hours. We expect USDCHF to trend downwards 4 hours following the NAB Business Confidence events in Australia release because the released value is < 5. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

14 Jun 11:30	10 May 11:30
14 Dec 11:30	10 Aug 11:30
13 Jul 11:30

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