Based on the last 12 BoC Interest Rate Decision events in Canada, we expect NZDUSD to trend upwards. Based on these past events there is a 81.82% chance of this. We expect NZDUSD to trend upwards for 48 hours because the released value is = 0.25%. A price movement of 78 pips is expected.

Historical events that allowed us to draw this conclusion

23 Jan 02:00	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

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