Based on the last 12 New Home Sales events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 2 hours following the event release at 2023-05-24 00:00 if the released value is > 0.665M. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

25 Feb 02:00	24 Dec 02:00
24 Nov 02:00	27 Oct 01:00
25 Jun 00:00

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