Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a 49 pip movement on AUDUSD within 12 hours following the event release at 2024-12-11 14:45. We expect AUDUSD to trend downwards 12 hours following the event release at 2024-12-11 14:45 if the released value is = 3.25%
Historical events that allowed us to draw this conclusion
23 Oct 13:45 |
04 Sep 13:45 |
24 Jul 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”).
