Based on past United States New Home Sales news events there is a 71.43% chance of AUDUSD trending upwards. We expect this to happen because the released value is > 0.66M. A price movement of 24 pips is expected.
Historical events that allowed us to draw this conclusion
29 Mar 14:00 |
14 Mar 14:00 |
05 Mar 15:00 |
28 Nov 15:00 |
26 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
