Based on the last 12 RBA Interest Rate Decision events in Australia, we expect EURUSD to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect EURUSD to trend upwards 4 hours following the event release at 05 May 14:30 if the released value is = 0.25%. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

19 Mar 14:30	03 Dec 14:30
05 Nov 14:30	01 Oct 14:30
03 Sep 14:30	06 Aug 14:30
02 Jul 14:30	04 Jun 14:30

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