17 pip movement on AUDUSD expected

Based on the last 12 KOF Leading Indicators events in Switzerland, we expect a 17 pip movement on AUDUSD for the next 4 hours. We expect AUDUSD to trend upwards for 4 hours because the released value is < 109 Historical events that allowed us to draw this conclusion

30 Aug 17:00
30 Jul 17:00
29 Jan 19:00

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