Based on the last 12 Ifo Business Climate events in Germany, we could see a $670 movement on AUDUSD within the next 12 hours. We may see AUDUSD trend upwards for 12 hours because the released value is > 85.9
Historical events that allowed us to draw this conclusion
25 Sep 08:00 |
27 Mar 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”).
