Trade with an edge around todays Canada BoC Interest Rate Decision news event

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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