We expect a $1340 movement on AUDUSD within 48 hours following the release of Ifo Business Climate at 2023-06-26 18:00. We expect AUDUSD to trend downwards 48 hours following the event release at 2023-06-26 18:00 if the released value is < 90.7. A price movement of 134 pips is expected. Historical events that allowed us to draw this conclusion

24 May 18:00	24 Apr 18:00
22 Feb 20:00	26 Sep 18:00

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