We expect NZDUSD to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 66.67% chance of this. We expect this to happen if the released value is > 91. A price movement of 131 pips is expected.
Historical events that allowed us to draw this conclusion
19 Dec 09:00 |
24 Nov 09:00 |
25 Aug 08:00 |
25 Apr 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
