We expect USDCHF to trend downwards for the next 12 hours. Based on these past Canada BoC Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen because the released value is = 0.25%. A price movement of 28 pips is expected.

Historical events that allowed us to draw this conclusion

09 Dec 02:00	09 Sep 00:00
15 Jul 00:00	22 Apr 00:00
21 Jan 02:00	10 Dec 02:00
29 Oct 01:00	10 Sep 00:00

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