We expect AUDUSD to trend upwards later today. Based on these past Canada BoC Interest Rate Decision news events there is a 80% chance of this. We expect this to happen if the released value is = 4.5%. A price movement of 125 pips is expected.
Historical events that allowed us to draw this conclusion
26 Jan 02:00 |
08 Dec 02:00 |
08 Sep 00:00 |
02 Jun 00:00 |
03 Mar 02:00 |
09 Dec 02:00 |
28 Oct 01:00 |
09 Sep 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).