We expect AUDUSD to trend downwards for the next 2 hours. Based on these past United States Housing Starts news events there is a 71.43% chance of this. We expect this to happen because the released value is < 1.465M. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion
18 May 12:30 |
17 Feb 13:30 |
17 Nov 13:30 |
19 Oct 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
