Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a $340 movement on NZDUSD within 4 hours following the event release at 2023-06-06 04:30. We expect NZDUSD to trend downwards 4 hours following the event release at 2023-06-06 04:30 if the released value is > 3.85%
Historical events that allowed us to draw this conclusion
07 Jun 04:30 |
03 May 04:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
