Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect NZDUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend upwards for the next 2 hours because the released value is = 0.75%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
21 Mar 12:00 |
07 Feb 12:00 |
01 Nov 12:00 |
13 Sep 11:00 |
02 Aug 11:00 |
21 Jun 11:00 |
10 May 11:00 |
08 Feb 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
