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We expect a $410 movement on AUDUSD within the next 48 hours.

Based on the last 12 Ifo Business Climate events in Germany, AUDUSD could experience an upwards trend. Based on these past events there is a 71.43% chance of this, and the trend could last 48 hours because the released value is < 90.4. Historical events that allowed us to draw this conclusion

25 Jan 09:00
18 Dec 09:00
24 Nov 09:00
25 Aug 08:00
25 Jul 08:00

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

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