Trade with an edge around todays New Zealand Interest Rate Decision news event

Based on past New Zealand Interest Rate Decision news events there is a 70% chance of NZDUSD trending downwards. We expect this to happen if the released value is = 0.75%. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

06 Oct 12:00
24 Feb 12:00
11 Nov 12:00
23 Sep 12:00
12 Aug 12:00
24 Jun 12:00
13 May 12:00

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