87 pip movement on AUDUSD expected

Based on the last 12 New Home Sales events in United States, we expect a 87 pip movement on AUDUSD within 48 hours following the event release at 24 Dec 02:00 GMT+11. We expect AUDUSD to trend downwards 48 hours following the event release at 24 Dec 02:00 GMT+11 if the released value is < 0.77M Historical events that allowed us to draw this conclusion

25 Nov 02:00
27 Jul 00:00
26 May 00:00
24 Mar 01:00
29 Jan 02:00

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