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Based on past United States New Home Sales news events there is a 75% chance of AUDUSD trending downwards. We expect this to happen because the released value is > 0.645M. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
27 Feb 02:00 |
25 Oct 01:00 |
26 Sep 00:00 |
24 Aug 00:00 |
25 Jul 00:00 |
24 Apr 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).