We expect a $350 movement on NZDUSD within the next 4 hours. We expect NZDUSD to trend downwards 4 hours following the Housing Starts events in United States release because the released value is > 1.54M. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

19 Apr 22:30	20 Jan 00:30
17 Dec 00:30	21 Sep 22:30

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