Based on the last 12 New Home Sales events in United States, we expect AUDUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend upwards 12 hours following the event release at 2023-02-24 15:00 if the released value is > 0.62M. A price movement of 62 pips is expected.
Historical events that allowed us to draw this conclusion
23 Dec 15:00 |
23 Nov 15:00 |
26 Oct 14:00 |
24 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
