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CA BoC Interest Rate Decision News Event – a possible $130.44 movement on USDCHF

CA BoC Interest Rate Decision News Event – a possible $130.44 movement on USDCHF

Based on the last 12 BoC Interest Rate Decision events in CA, we expect a $130.44 movement on USDCHF within the next 4 hours.
We expect USDCHF to trend up for 4 hours because the released value is = 1.75%

Historical events that allowed us to draw this conclusion

11 Jul 14:00
 
30 May 14:00
 
18 Apr 14:00
 
07 Mar 15:00
 
06 Dec 15:00
 
12 Jul 14:00
 
24 May 14:00
 
12 Apr 14:00
 

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

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