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We expect NZDUSD to trend upwards for the next 48 hours.

Based on past United States Existing Home Sales news events there is a 71.43% chance of NZDUSD trending upwards. We expect this to happen because the released value is < 4.89M. A price movement of 71 pips is expected. Historical events that allowed us to draw this conclusion

20 Jul 14:00
19 May 14:00
18 Mar 14:00
22 Dec 15:00
22 Sep 14:00

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

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We expect a $247 movement on KC within 4 hours following the event release at 2022-08-18 12:30.

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We expect NKD to trend upwards today.

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