USDCHF will trend downwards right now

Past performance is not an indicator of future results.
We expect USDCHF to trend downwards for the next 2 hours. Based on these past Australia Retail Sales MoM news events there is a 71.43% chance of this. We expect this to happen because the released value is > 0.2%. A price movement of 3 pips is expected.

Historical events that allowed us to draw this conclusion

11 Jan 00:30
06 Dec 00:30
03 Aug 02:30
04 Jun 02:30
04 Apr 02:30

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

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