We expect a $490 movement on AUDUSD within 4 hours following the release of Housing Starts at 2022-12-21 00:30. We expect AUDUSD to trend upwards 4 hours following the event release at 2022-12-21 00:30 if the released value is > 1.4M. A price movement of 49 pips is expected.

Historical events that allowed us to draw this conclusion

18 Nov 00:30	19 Apr 22:30
17 Mar 23:30	20 Jan 00:30

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