Want to know why AUDUSD is going upwards for the next 2 hours?

Past performance is not an indicator of future results.
Based on the last 12 Ifo Business Climate events in Germany, we expect a $70 movement on AUDUSD within the next 2 hours. We expect AUDUSD to trend upwards for the next 2 hours because the released value is < 99

Historical events that allowed us to draw this conclusion

25 Jan 09:00

18 Dec 09:00

26 Nov 09:00

25 Oct 09:00

25 May 09:00

24 Apr 09:00

22 Feb 09:00

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

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