47 pip movement on AUDUSD expected
Based on the last 12 Ifo Business Climate events in Germany, we expect a 47 pip movement on AUDUSD within 12 hours following the event release at 25 Aug 18:00 GMT+10. We expect AUDUSD to trend upwards 12 hours following the event release at 25 Aug 18:00 GMT+10 if the released value is > 100.4Historical events that allowed us to…