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There is a 71.43% chance of USDCHF trending downwards

Based on past United States New Home Sales news events there is a 71.43% chance of USDCHF trending downwards. We expect this to happen because the released value is < 0.575M. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

26 Jul 14:00
23 Mar 14:00
24 Feb 15:00
23 Dec 15:00
24 Nov 15:00

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

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We expect BO to trend downwards for the next 12 hours.

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Resistance line breached by Lean Hogs OCTOBER 2022. This price has been tested at least twice before.

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