Based on the last 12 Ifo Business Climate events in Germany, we expect a 16 pip movement on NZDUSD for the next 2 hours. We expect NZDUSD to trend upwards for 2 hours because the released value is < 95.3 Historical events that allowed us to draw this conclusion

25 Aug 08:00

26 Jul 08:00

26 Apr 08:00

25 Jan 09:00