Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a 78 pip movement on NZDUSD within 48 hours following the event release at 23 Jan 02:00 GMT+11. We expect NZDUSD to trend upwards 48 hours following the event release at 23 Jan 02:00 GMT+11 if the released value is = 1.75%
Historical events that allowed us to draw this conclusion
05 Dec 02:00 |
31 Oct 01:00 |
05 Sep 00:00 |
11 Jul 00:00 |
30 May 00:00 |
25 Apr 00:00 |
07 Mar 02:00 |
10 Jan 02:00 |