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Pre Event Forecast

Trade with an edge around todays United States Housing Starts news event

We expect AUDUSD to trend downwards for the next 2 hours. Based on these past United States Housing Starts news events there is a 71.43% chance of this. We expect this to happen because the released value is < 1.465M. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

18 May 12:30
17 Feb 13:30
17 Nov 13:30
19 Oct 12:30