We expect NZDUSD to trend upwards later today. Based on these past United States New Home Sales news events there is a 66.67% chance of this. We expect this to happen if the released value is < 0.81M. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion
23 Dec 15:00 |
24 Nov 15:00 |
26 Jul 14:00 |
23 Jun 14:00 |
23 Mar 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
