Based on the last 12 Consumer Confidence events in Switzerland, we expect a 102 pip movement on USDCAD within 12 hours following the event release at 2023-05-02 17:00. We expect USDCAD to trend upwards 12 hours following the event release at 2023-05-02 17:00 if the released value is < -24.4 Historical events that allowed us to draw this conclusion

02 May 17:00	01 Feb 19:00
04 Nov 19:00	04 May 17:00
15 Apr 19:30

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