We expect a $280 movement on AUDUSD within 4 hours following the release of Existing Home Sales at 23 Jul 00:00. We expect AUDUSD to trend downwards 4 hours following the event release at 23 Jul 00:00 if the released value is < 5.9M. A price movement of 28 pips is expected. Historical events that allowed us to draw this conclusion

22 May 00:00	23 Apr 00:00
23 Dec 02:00	23 Jul 00:00

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