We expect AUDUSD to trend downwards right now.

Based on the last 12 Existing Home Sales events in United States, we expect AUDUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect AUDUSD to trend downwards for the next 4 hours because the released value is < 5.9M. A price movement of 28 pips is expected.Historical events that allowed us to draw this conclusion

21 May 14:00
22 Apr 14:00
22 Dec 15:00
22 Jul 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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