Based on past Canada BoC Interest Rate Decision news events there is a 70% chance of NZDUSD trending downwards. We expect this to happen if the released value is = 4.5%. A price movement of 47 pips is expected.

Historical events that allowed us to draw this conclusion

09 Mar 02:00	26 Jan 02:00
08 Dec 02:00	02 Jun 00:00
27 Jan 02:00	09 Dec 02:00
28 Oct 01:00

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