Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a $200 movement on NZDUSD within 12 hours following the event release at 06 Aug 04:30. We expect NZDUSD to trend downwards 12 hours following the event release at 06 Aug 04:30 if the released value is = 1%
Historical events that allowed us to draw this conclusion
02 Jul 04:30 |
07 May 04:30 |
02 Apr 03:30 |
05 Mar 03:30 |
05 Feb 03:30 |
04 Dec 03:30 |
02 Oct 04:30 |
04 Sep 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
