8 pip movement on USDCHF expected

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 8 pip movement on USDCHF within 2 hours following the event release at 15 Sep 00:30 UTC. We expect USDCHF to trend downwards 2 hours following the event release at 15 Sep 00:30 UTC if the released value is < 102 Historical events that allowed us to draw this conclusion

11 Aug 00:30
09 Jun 00:30
19 Jan 23:30
10 Nov 23:30