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We expect AUDUSD to trend downwards right now.

Based on past Canada BoC Interest Rate Decision news events there is a 66.67% chance of AUDUSD trending downwards. We expect this to happen because the released value is = 2.75%. 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
24 Jul 13:45
05 Jun 13:45
10 Apr 13:45
24 Jan 14:45
06 Dec 15:00
25 Oct 14:00

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

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