Trade with an edge around todays Germany Ifo Business Climate news event

Based on past Germany Ifo Business Climate news events there is a 85.71% chance of AUDUSD trending upwards. We expect this to happen if the released value is < 101.8. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

26 Nov 09:00
25 Oct 09:00
25 May 09:00
24 Apr 09:00
22 Feb 09:00
19 Dec 09:00

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