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Trade with an edge around todays CA BoC Interest Rate Decision news event

Trade with an edge around todays CA BoC Interest Rate Decision news event

Based on past CA BoC Interest Rate Decision news events there is a 83.3% of NZDUSD trending down
We expect this to happen if the released value is = 1.75%. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

06 Mar 15:00
 
09 Jan 15:00
 
05 Dec 15:00
 
24 Oct 14:00
 
05 Sep 14:00
 
11 Jul 14:00
 
18 Apr 14:00
 
07 Mar 15:00
 
06 Dec 15:00
 
25 Oct 14:00
 

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

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