We expect AUDUSD to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 80% chance of this. We expect this to happen if the released value is > 89.1. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

25 Jan 20:00	24 Jun 18:00
25 May 18:00	26 Mar 20:00

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