Based on the last 12 Ifo Business Climate events in Germany, we could see a 24 pip movement on AUDUSD for the next 4 hours. AUDUSD could trend upwards for 4 hours because the released value is < 87.5 Historical events that allowed us to draw this conclusion
25 Aug 08:00 |
26 Jun 08:00 |
24 May 08:00 |
22 Feb 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
