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We expect AUDUSD to trend downwards for the next 12 hours.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we may expect AUDUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because the released value is > 35.9. A price movement of 63 pips may be experienced.

Historical events that allowed us to draw this conclusion

13 Feb 10:00
16 Jan 10:00
12 Dec 10:00
12 Sep 09:00
15 Aug 09:00
13 Jun 09:00

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

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