We expect USDCHF to trend downwards later today. Based on these past United States Durable Goods Orders MoM news events there is a 66.67% chance of this. We expect this to happen if the released value is < -2.5%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
24 Aug 13:30 |
25 May 13:30 |
22 Dec 13:30 |
22 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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