Based on the last 12 RBA Interest Rate Decision events in Australia, we expect NZDUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards for the next 48 hours because the released value is = 1%. A price movement of 10 pips is expected.
Historical events that allowed us to draw this conclusion
06 Aug 04:30 |
07 May 04:30 |
05 Mar 03:30 |
05 Feb 03:30 |
04 Dec 03:30 |
02 Oct 04:30 |
04 Sep 04:30 |
07 Aug 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
