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
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|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”).