Based on past United States Existing Home Sales news events there is a 71.43% chance of NZDUSD trending upwards. We expect this to happen because the released value is < 4.89M. A price movement of 71 pips is expected. Historical events that allowed us to draw this conclusion
20 Jul 14:00 |
19 May 14:00 |
18 Mar 14:00 |
22 Dec 15:00 |
22 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
