Based on the last 12 Fed Interest Rate Decision events in United States, we expect a 90 pip movement on NZDUSD within 2 hours following the event release at 2023-05-04 04:00. We expect NZDUSD to trend upwards 2 hours following the event release at 2023-05-04 04:00 if the released value is = 5.25%

Historical events that allowed us to draw this conclusion

23 Mar 05:00	02 Feb 06:00
15 Dec 06:00	28 Jul 04:00
05 May 04:00	17 Mar 05:00
16 Dec 06:00	04 Nov 05:00

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