Based on past Canada BoC Interest Rate Decision news events there is a 72.73% chance of NZDUSD trending downwards. We expect this to happen if the released value is = 1.75%. A price movement of 41 pips is expected.
Historical events that allowed us to draw this conclusion
24 Oct 15:00 |
05 Sep 15:00 |
11 Jul 15:00 |
30 May 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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