Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a $1250 movement on AUDUSD within 48 hours following the event release at 2023-03-08 15:00. We expect AUDUSD to trend upwards 48 hours following the event release at 2023-03-08 15:00 if the released value is = 4.5%
Historical events that allowed us to draw this conclusion
25 Jan 15:00 |
07 Dec 15:00 |
07 Sep 14:00 |
01 Jun 14:00 |
02 Mar 15:00 |
08 Dec 15:00 |
27 Oct 14:00 |
08 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
