What to trade around United States Housing Starts news event

Past performance is not an indicator of future results.
Based on the last 12 Housing Starts events in United States, we expect AUDUSD to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect AUDUSD to trend upwards for the next 4 hours because the released value is < 1.213M. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

26 Feb 13:30

17 Oct 13:30

16 Aug 13:30

18 Jul 13:30

16 May 13:30

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

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