Switzerland Consumer Confidence News Event – a possible $220 movement on AUDUSD

Based on the last 12 Consumer Confidence events in Switzerland, we could see a $220 movement on AUDUSD within the next 2 hours. We may see AUDUSD trend downwards for 2 hours because the released value is < -6.4 Historical events that allowed us to draw this conclusion

01 Feb 19:00
04 Nov 19:00
04 May 17:00
15 Apr 19:30
04 Nov 17:45
03 May 15:45

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