37 pip movement on AUDUSD expected

Based on the last 12 KOF Leading Indicators events in Switzerland, we expect a 37 pip movement on AUDUSD within 2 hours following the event release at 2023-04-28 17:00. We expect AUDUSD to trend upwards 2 hours following the event release at 2023-04-28 17:00 if the released value is < 98.1 Historical events that allowed us to draw this conclusion

30 Mar 18:00
30 Nov 19:00
30 Aug 17:00
30 May 17:00

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