Based on past Canada BoC Interest Rate Decision news events there is a 66.67% chance of NZDUSD trending downwards. We expect this to happen because the released value is = 2.25%. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
02 Jun 00:00 |
27 Jan 02:00 |
09 Dec 02:00 |
28 Oct 01:00 |
09 Sep 00:00 |
15 Jul 00:00 |
10 Jun 00:00 |
11 Mar 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).