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We expect NZDUSD to trend upwards for the next 2 hours.

Based on past Germany Ifo Business Climate news events there is a 75% chance of NZDUSD trending upwards. We expect this to happen because the released value is > 86.8. A price movement of 18 pips is expected.

Historical events that allowed us to draw this conclusion

23 May 08:00
22 Feb 09:00
25 Jan 09:00

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

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