Australia RBA Interest Rate Decision News Event – a possible $1,320 movement on NZDUSD

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect a $1,320 movement on NZDUSD within 48 hours following the event release at 01 Jun 14:30. We expect NZDUSD to trend upwards 48 hours following the event release at 01 Jun 14:30 if the released value is = 0.1%

Historical events that allowed us to draw this conclusion

04 May 14:30
02 Mar 14:30
02 Feb 14:30
01 Dec 14:30
03 Nov 14:30
01 Sep 14:30
04 Aug 14:30
07 Jul 14:30
02 Jun 14:30

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