Australia Westpac Consumer Confidence Index News Event – a $287.979 opportunity on USDCHF

We expect a $287.979 movement on USDCHF within 12 hours following the release of Westpac Consumer Confidence Index at 11 Mar 10:30. We expect USDCHF to trend upwards 12 hours following the event release at 11 Mar 10:30 if the released value is < 94.7. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

22 Jan 10:30
11 Dec 10:30
09 Oct 11:30
12 Jun 10:30

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