Based on the last 12 Ifo Business Climate events in Germany, we expect a $610 movement on NZDUSD within the next 2 hours. We expect NZDUSD to trend downwards for the next 2 hours because the released value is < 80 Historical events that allowed us to draw this conclusion

25 Mar 20:00	27 Jan 20:00
25 Jul 18:00	23 May 18:00
24 Apr 18:00

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