Why you should close your NZDUSD positions today

Be very careful of upcoming volatility because of Switzerland SNB Interest Rate Decison news event later today. Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect a $430 movement on NZDUSD within 48 hours following the event release at 13 Dec 08:30. We expect this to happen if the released value is = -0.75%. A price movement of 43 pips is expected.

Historical events that allowed us to draw this conclusion

20 Sep 08:30

21 Jun 08:30

14 Dec 08:30

14 Sep 08:30

15 Jun 08:30

16 Mar 08:30

15 Sep 08:30

16 Jun 08:30

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

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