19 pip movement on USDCAD possible

Based on the last 12 KOF Leading Indicators events in Switzerland, we could see a 19 pip movement on USDCAD for the next 4 hours. USDCAD could trend downwards for 4 hours because the released value is > 96.3

Historical events that allowed us to draw this conclusion

29 Apr 17:00
30 Dec 19:00
29 Oct 18:00
30 Sep 17:00

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