Based on the last 12 Ifo Business Climate events in Germany, we expect NZDUSD to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect NZDUSD to trend upwards for the next 2 hours because the released value is < 98.9. A price movement of 16 pips is expected. 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

26 Oct 09:00