Switzerland KOF Leading Indicators News Event – a possible $453.767 movement on USDCAD

Based on the last 12 KOF Leading Indicators events in Switzerland, we expect a $453.767 movement on USDCAD within 12 hours following the event release at 28 Feb 19:00. We expect USDCAD to trend downwards 12 hours following the event release at 28 Feb 19:00 if the released value is < 97.5 Historical events that allowed us to draw this conclusion

29 Nov 19:00
28 Jun 17:00
30 Apr 17:00
28 Feb 19:00

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