Based on the last 12 Housing Starts events in US, we expect NZDUSD to trend up right now. Based on these past events there is a 83.3% of this.
We expect NZDUSD to trend up for the next 4 hours because the released value is < 1.22M. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
16 Aug 12:30 |
18 Jul 12:30 |
16 May 12:30 |
18 Jan 13:30 |
18 Oct 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
