Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a 34 pip movement on NZDUSD for the next 4 hours. We expect NZDUSD to trend downwards for 4 hours because the released value is = 0.1%
Historical events that allowed us to draw this conclusion
07 Dec 14:30 |
02 Nov 14:30 |
05 Oct 14:30 |
07 Sep 14:30 |
01 Jun 14:30 |
04 May 14:30 |
06 Apr 14:30 |
02 Mar 14:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).