Based on the last 12 BoC Interest Rate Decision events in Canada, we expect AUDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend downwards 2 hours following the event release at 02 Mar 15:00 if the released value is = 0.5%. A price movement of 26 pips is expected.
Historical events that allowed us to draw this conclusion
26 Jan 15:00 |
08 Dec 15:00 |
27 Oct 14:00 |
08 Sep 14:00 |
14 Jul 14:00 |
09 Jun 14:00 |
10 Mar 15:00 |
09 Dec 15:00 |
28 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
