Want to know why AUDUSD is going up today?

Want to know why AUDUSD is going up today?

Based on the last Ifo Business Climate events in DE, we expect a $70 movement on AUDUSD within hours following the event release at 25 Oct 08:00.
We expect AUDUSD to trend up hours following the event release at 25 Oct 08:00 if the released value is > 103

Historical events that allowed us to draw this conclusion

24 Sep 08:00
 
27 Aug 08:00
 
25 Jul 08:00
 
24 Nov 09:00
 
25 Oct 08:00
 

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

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