We expect AUDUSD to trend downwards for the next 4 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 21 pips is expected.

Historical events that allowed us to draw this conclusion

22 Jun 00:00	19 Feb 02:00
22 Oct 01:00

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