We expect AUDUSD to trend upwards for the next 48 hours. Based on these past Canada BoC Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen because the released value is = 0.25%. A price movement of 68 pips is expected.

Historical events that allowed us to draw this conclusion

10 Dec 02:00	29 Oct 01:00
10 Sep 00:00	04 Jun 00:00
16 Apr 00:00	23 Jan 02:00
31 Oct 01:00	05 Sep 00:00

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