Want to know why AUDUSD is going downwards today?

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $260 movement on AUDUSD within 4 hours following the event release at 08 Jun 19:00. We expect AUDUSD to trend downwards 4 hours following the event release at 08 Jun 19:00 if the released value is < 86 Historical events that allowed us to draw this conclusion

13 Apr 19:00
10 Nov 21:00
13 Oct 20:00

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