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28 pip movement on NZDUSD expected

Based on the last 12 Ifo Business Climate events in Germany, we expect NZDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < 94 Historical events that allowed us to draw this conclusion

22 Feb 09:00
25 Jul 08:00
24 Jun 08:00