United States Existing Home Sales News Event – a $160 opportunity on AUDUSD

We expect a $160 movement on AUDUSD within the next 2 hours. We expect AUDUSD to trend upwards 2 hours following the Existing Home Sales events in United States release because the released value is > 5.83M. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

22 Jun 14:00
19 Feb 15:00
22 Jan 15:00
22 Oct 14:00
21 Aug 14:00