Based on the last 12 Existing Home Sales events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 2023-03-22 01:00 if the released value is > 4.2M. A price movement of 59 pips is expected.

Historical events that allowed us to draw this conclusion

19 Nov 02:00	21 Oct 01:00
22 Sep 00:00	22 Jun 00:00

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