Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 4 hours following the event release at 17 Mar 21:00 if the released value is > -26.4. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

21 Jan 21:00	12 Nov 21:00
17 Sep 19:00	16 Apr 19:00
19 Mar 21:00

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