Based on the last 12 NAB Business Confidence events in Australia, we expect USDCHF to trend upwards later today. Based on these past events there is a 80% chance of this. We expect USDCHF to trend upwards 48 hours following the event release at 10 Nov 11:30 if the released value is < -3. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion

14 Apr 11:30	10 Mar 12:00
11 Feb 11:30	28 Jan 11:30

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