We expect a $378 movement on USDCHF within the next 12 hours. We expect USDCHF to trend downwards 12 hours following the ISM Manufacturing PMI events in United States release because the released value is < 52.2. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion

02 Jul 00:00	02 Apr 01:00
05 Jan 02:00

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