Based on the last 12 New Home Sales events in United States, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 12 hours following the event release at 26 Nov 15:00 if the released value is > 0.709M. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
24 Oct 14:00 |
25 Sep 14:00 |
24 Jul 14:00 |
23 Apr 14:00 |
05 Mar 15:00 |
31 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
