13 pip movement on AUDUSD expected

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a 13 pip movement on AUDUSD within 4 hours following the event release at 23 Jul 09:01 GMT+10. We expect AUDUSD to trend upwards 4 hours following the event release at 23 Jul 09:01 GMT+10 if the released value is < -8 Historical events that allowed us to draw this conclusion

25 Jun 09:01
23 Apr 09:01
21 Aug 09:01
24 Jul 09:01

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