NZDUSD may trend upwards from 27 May 00:00

We expect NZDUSD to trend upwards later today. Based on these past United States New Home Sales news events there is a 75% chance of this. We expect this to happen if the released value is < 0.49M. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion

24 Dec 02:00
26 Jun 00:00
24 May 00:00

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