United States New Home Sales News Event – a possible $670 movement on NZDUSD

Based on the last 12 New Home Sales events in United States, we expect a $670 movement on NZDUSD within 12 hours following the event release at 25 Sep 00:00. We expect NZDUSD to trend upwards 12 hours following the event release at 25 Sep 00:00 if the released value is > 0.895M

Historical events that allowed us to draw this conclusion

26 Aug 00:00
25 Jul 00:00
25 Mar 01:00
27 Nov 02:00

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