We expect NZDUSD to trend upwards later today. Based on these past United States Housing Starts news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1.31M. A price movement of 44 pips is expected.
Historical events that allowed us to draw this conclusion
20 Dec 13:30 |
17 Nov 13:30 |
20 Sep 12:30 |
17 Mar 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
