Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 48 hours following the event release at 25 Mar 19:30 if the released value is = -0.75%. A price movement of 114 pips is expected.

Historical events that allowed us to draw this conclusion

17 Dec 19:30	18 Jun 17:30
19 Sep 17:30	13 Jun 17:30
21 Mar 19:30	13 Dec 19:30
15 Mar 19:30

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