We expect USDCHF to trend downwards for the next 48 hours. Based on these past United States Durable Goods Orders MoM news events there is a 87.5% chance of this. We expect this to happen because the released value is > 0.5%. A price movement of 173 pips is expected.

Historical events that allowed us to draw this conclusion

26 Aug 22:30	27 Jul 22:30
25 Jun 22:30	28 May 22:30
25 Mar 23:30	28 Feb 00:30
29 Jan 00:30

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