Based on the last 12 Ifo Business Climate events in Germany, we expect a $130 movement on NZDUSD within 2 hours following the event release at 24 Jun 08:00. We expect NZDUSD to trend upwards 2 hours following the event release at 24 Jun 08:00 if the released value is > 85

Historical events that allowed us to draw this conclusion

25 May 08:00

18 Dec 09:00

24 Sep 08:00

24 Jun 08:00