Based on the last 12 Housing Starts 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 4 hours following the event release at 17 Jul 22:30 if the released value is < 1.169M. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

17 Jun 22:30	19 May 22:30
20 Nov 00:30	17 Oct 23:30
17 Jul 22:30

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