Based on the last 12 NAB Business Confidence events in Australia, we expect USDCHF to trend downwards right now. Based on these past events there is a 75% chance of this. We expect USDCHF to trend downwards for the next 12 hours because the released value is < 19. A price movement of 16 pips is expected. Historical events that allowed us to draw this conclusion

08 Jun 11:30	13 Apr 11:30
11 Aug 11:30

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