Based on past Germany Ifo Business Climate news events there is a 66.67% chance of AUDUSD trending upwards. We expect this to happen because the released value is > 89.3. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

25 May 18:00	24 Feb 20:00
18 Dec 20:00	24 Sep 18:00

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