We expect NZDUSD to trend upwards for the next 12 hours. Based on these past Canada BoC Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen because the released value is = 2.5%. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
04 Jun 13:45 |
16 Apr 13:45 |
12 Mar 13:45 |
29 Jan 14:45 |
11 Dec 14:45 |
23 Oct 13:45 |
05 Jun 13:45 |
06 Mar 14:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
