We expect NZDUSD to trend downwards for the next 12 hours. Based on these past Japan BoJ Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen because the released value is = 0.5%. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
19 Mar 03:00 |
31 Oct 03:00 |
20 Sep 03:00 |
14 Jun 03:25 |
26 Apr 03:00 |
19 Mar 03:00 |
23 Jan 03:00 |
31 Oct 03:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
