United States Existing Home Sales News Event – a possible $180 movement on NZDUSD

Based on the last 12 Existing Home Sales events in United States, we expect a $180 movement on NZDUSD within 2 hours following the event release at 23 Jun 00:00. We expect NZDUSD to trend upwards 2 hours following the event release at 23 Jun 00:00 if the released value is > 5.72M

Historical events that allowed us to draw this conclusion

20 Feb 02:00
23 Jan 02:00
23 Oct 01:00
22 Aug 00:00

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