Based on the last 12 Existing Home Sales events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 23 Mar 01:00 if the released value is > 6.5M. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

20 Feb 02:00	23 Jan 02:00
20 Nov 02:00	23 Oct 01:00
22 Aug 00:00

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