We expect AUDUSD to trend down for the next 4 hours. Based on these past US Existing Home Sales news events there is a 75.0% of this.
We expect this to happen because the released value is < 5.3M. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
21 Feb 15:00 |
22 Jan 15:00 |
19 Oct 14:00 |
22 Aug 14:00 |
23 Jul 14:00 |
20 Jun 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
