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We could see YM trend downwards right now.

Based on the last 12 New Home Sales events in United States, we could see YM trend downwards right now. Based on historical events there is a 75% chance of this. This may happen because the released value is > 0.588M

Historical events that allowed us to draw this conclusion

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

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

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

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