We expect NZDUSD to trend downwards for the next 12 hours. Based on these past United States Existing Home Sales news events there is a 75% chance of this. We expect this to happen because the released value is < 4.7M. A price movement of 58 pips is expected. Historical events that allowed us to draw this conclusion

19 Aug 00:00	21 Jul 00:00
20 May 00:00	21 Apr 00:00
21 Jan 02:00	23 Sep 00:00

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