We expect a $270 movement on AUDUSD within 12 hours following the release of GfK Consumer Confidence at 20 Aug 09:01. We expect AUDUSD to trend upwards 12 hours following the event release at 20 Aug 09:01 if the released value is < -7. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

25 Jun 09:01	23 Apr 09:01
23 Oct 10:01

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