NZDUSD could trend downwards later today. Based on these past United States Housing Starts news events there is a 66.67% chance of this. This could happen only if the released value is < 1.701M. The price movement may be as big as 20 pips. Historical events that allowed us to draw this conclusion
18 May 12:30 |
17 Feb 13:30 |
17 Nov 13:30 |
18 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
