11 pip movement on AUDUSD expected

Past performance is not an indicator of future results.
Based on the last 12 Existing Home Sales events in United States, we expect a 11 pip movement on AUDUSD for the next 4 hours. We expect AUDUSD to trend downwards for 4 hours because the released value is > 5.1M

Historical events that allowed us to draw this conclusion

19 Dec 15:00
21 Nov 15:00
23 Apr 15:00

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