United States Existing Home Sales News Event – a possible $560 movement on AUDUSD

Based on the last 12 Existing Home Sales events in United States, we expect a $560 movement on AUDUSD within 48 hours following the event release at 20 Feb 02:00. We expect AUDUSD to trend upwards 48 hours following the event release at 20 Feb 02:00 if the released value is > 6.61M

Historical events that allowed us to draw this conclusion

23 Jan 02:00
20 Nov 02:00
23 Oct 01:00
22 Aug 00:00
21 Mar 01:00

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