Based on the last 12 New Home Sales events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 27 May 00:00 if the released value is > 0.48M. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

24 Apr 00:00	25 Mar 01:00
27 Feb 02:00	25 Oct 01:00
26 Sep 00:00	25 Jul 00:00

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