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A possible $200 movement on NZDUSD within the next 2 hours.

Based on the last 12 New Home Sales events in United States, we could see a $200 movement on NZDUSD within the next 2 hours. We may see NZDUSD trend downwards for 2 hours because the released value is > 0.588M

Historical events that allowed us to draw this conclusion

26 Jan 15:00
26 Oct 14:00
24 Sep 14:00

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

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Support line breached by US Treasury Bond SEPTEMBER 2022. This price has been tested at least twice before.

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We could see YM trend downwards right now.

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