We expect a $130 movement on NZDUSD within 48 hours following the event release at 23 Aug 14:00.

Based on the last 12 New Home Sales events in United States, we expect a $130 movement on NZDUSD within 48 hours following the event release at 23 Aug 14:00. We expect NZDUSD to trend downwards 48 hours following the event release at 23 Aug 14:00 if the released value is > 0.649M

Historical events that allowed us to draw this conclusion

24 Jul 14:00
23 Apr 14:00
29 Mar 14:00
05 Mar 15:00
31 Jan 15:00
26 Sep 14:00

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

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