We expect NZDUSD to trend downwards for the next 48 hours. Based on these past Euro Area ECB Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen because the released value is = 1.25%. A price movement of 150 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jun 21:45	14 Apr 21:45
10 Mar 23:45	03 Feb 23:45
16 Dec 23:45	10 Jun 21:45
11 Mar 23:45

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