Based on the last 12 Housing Starts events in United States, we expect a 30 pip movement on NZDUSD within 4 hours following the event release at 20 Jan 00:30 GMT+11. We expect NZDUSD to trend downwards 4 hours following the event release at 20 Jan 00:30 GMT+11 if the released value is > 1.65M

Historical events that allowed us to draw this conclusion

17 Dec 00:30	21 Sep 22:30
16 Apr 22:30	22 Jan 00:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).