Based on the last 12 BoC Interest Rate Decision events in Canada, we could see a $500 movement on NZDUSD within the next 4 hours. We may see NZDUSD trend upwards for 4 hours because the released value is = 5%
Historical events that allowed us to draw this conclusion
12 Jul 14:00 |
25 Jan 15:00 |
07 Sep 14:00 |
13 Apr 14:00 |
02 Mar 15:00 |
26 Jan 15:00 |
08 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
