We expect a $370 movement on NZDUSD within 2 hours following the release of New Home Sales at 24 Mar 01:00. We expect NZDUSD to trend upwards 2 hours following the event release at 24 Mar 01:00 if the released value is < 0.81M. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

24 Dec 02:00	25 Nov 02:00
27 Jul 00:00	24 Jun 00:00
24 Mar 01:00

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