Germany ZEW Economic Sentiment Index News Event – a possible $220 movement on AUDUSD

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $220 movement on AUDUSD within 2 hours following the event release at 07 Sep 09:00. We expect AUDUSD to trend upwards 2 hours following the event release at 07 Sep 09:00 if the released value is > 30

Historical events that allowed us to draw this conclusion

16 Mar 10:00
16 Feb 10:00
19 Jan 10:00
15 Sep 09:00