Based on the last 12 Housing Starts events in United States, we expect AUDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for the next 12 hours because the released value is > 1.613M. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

22 Jan 00:30	18 Dec 00:30
19 Nov 00:30	18 Aug 22:30

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