NZDUSD may trend downwards right now

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”).