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There is a 72.73% chance of NZDUSD trending upwards

We expect NZDUSD to trend upwards for the next 2 hours. Based on these past Euro Area Deposit Facilty Rate news events there is a 72.73% chance of this. We expect this to happen because the released value is = 3.75%. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

06 Jun 12:15
11 Apr 12:15
07 Mar 13:15
25 Jan 13:15
14 Dec 13:15
26 Oct 12:15
15 Jun 12:15
16 Mar 13:15

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

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