Based on the last 12 BoC Interest Rate Decision events in Canada, we could see a $210 movement on NZDUSD within the next 4 hours. We may see NZDUSD trend downwards for 4 hours because the released value is = 2.75%
Historical events that allowed us to draw this conclusion
23 Oct 13:45 |
04 Sep 13:45 |
05 Jun 13:45 |
10 Apr 13:45 |
24 Jan 14:45 |
06 Dec 15:00 |
25 Oct 14:00 |
06 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
