We expect NZDUSD to trend upwards later today. Based on these past Euro Area ECB Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0%. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

10 Mar 23:45	03 Feb 23:45
28 Oct 22:45	22 Jul 21:45
10 Jun 21:45	21 Jan 23:45
10 Dec 23:45	29 Oct 23:45

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