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Based on the last 12 BoC Interest Rate Decision events in Canada, we expect AUDUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend upwards 48 hours following the event release at 28 Oct 01:00 if the released value is = 0.25%. A price movement of 68 pips is expected.
Historical events that allowed us to draw this conclusion
09 Sep 00:00 |
22 Apr 00:00 |
11 Mar 02:00 |
10 Dec 02:00 |
29 Oct 01:00 |
10 Sep 00:00 |
04 Jun 00:00 |
16 Apr 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).