Based on the last 12 Balance of Trade events in Australia, we expect a 9 pip movement on USDCHF for the next 2 hours. We expect USDCHF to trend downwards for 2 hours because the released value is > A$6.5B
Historical events that allowed us to draw this conclusion
03 Dec 00:30 |
04 Jun 01:30 |
07 May 01:30 |
07 Apr 01:30 |
05 Mar 00:30 |