Based on the last 12 Consumer Confidence events in Switzerland, we expect a 40 pip movement on AUDUSD within 12 hours following the event release at 2023-05-02 07:00. We expect AUDUSD to trend downwards 12 hours following the event release at 2023-05-02 07:00 if the released value is < -24.4 Historical events that allowed us to draw this conclusion
02 Aug 07:00 |
02 May 07:00 |
04 Nov 08:00 |
04 May 07:00 |
15 Apr 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
