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We expect a $0 movement on 6A within the next 48 hours.

We expect a $0 movement on 6A within the next 48 hours. We expect 6A to trend downwards 48 hours following the Interest Rate Decision events in New Zealand release because the released value is = 0.25%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

11 Nov 01:00
23 Sep 02:00
24 Jun 02:00
13 May 02:00
25 Sep 02:00
08 May 02:00

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

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US30 is quickly approaching 31630.0000. We expect either a breakout through this line, or a rebound.

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