Australia Westpac Consumer Confidence Index News Event – a possible $105 movement on USDCHF

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $105 movement on USDCHF within 4 hours following the event release at 2022-11-08 10:30. We expect USDCHF to trend downwards 4 hours following the event release at 2022-11-08 10:30 if the released value is < 82.7 Historical events that allowed us to draw this conclusion

09 Aug 10:30
11 May 10:30
09 Mar 10:30
09 Feb 10:30
19 Jan 10:30
13 Oct 11:30

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