Based on the last 12 Ifo Business Climate events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 100.6

Historical events that allowed us to draw this conclusion

25 May 18:00	26 Mar 20:00
22 Feb 20:00	18 Dec 20:00
25 Aug 18:00	27 Jul 18:00

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