Based on the last 12 BoC Interest Rate Decision events in Canada, we expect NZDUSD to trend upwards later today. Based on these past events there is a 81.82% chance of this. We expect NZDUSD to trend upwards 2 hours following the event release at 10 Sep 00:00 if the released value is = 0.25%. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

04 Jun 00:00	16 Apr 00:00
31 Oct 01:00	05 Sep 00:00
11 Jul 00:00

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