Based on the last 12 BoC Interest Rate Decision events in Canada, we expect NZDUSD to trend downwards later today. Based on these past events there is a 72.73% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 2024-12-11 14:45 if the released value is = 3.25%. A price movement of 21 pips is expected.
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”).
