9 pip movement on NZDUSD expected

Past performance is not an indicator of future results.
Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a 9 pip movement on NZDUSD for the next 2 hours. We expect NZDUSD to trend downwards for 2 hours because the released value is = 1.75%

Historical events that allowed us to draw this conclusion

05 Dec 15:00
24 Oct 15:00
05 Sep 15:00
11 Jul 15:00
18 Apr 15:00
07 Mar 15:00
06 Dec 15:00
25 Oct 15:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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