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We expect NZDUSD to trend downwards today with a 80% chance.

Based on the last 12 Housing Starts events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 1.65M

Historical events that allowed us to draw this conclusion

16 Dec 13:30
21 Sep 12:30
16 Apr 12:30
21 Jan 13:30

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

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We expect 6S to trend downwards today with a 80% chance.

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