Based on the last 12 Interest Rate Decision events in New Zealand, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 26 May 12:00 if the released value is = 0.25%. A price movement of 24 pips is expected.

Historical events that allowed us to draw this conclusion

14 Apr 12:00	24 Feb 12:00
11 Nov 12:00	13 May 12:00
12 Feb 12:00	25 Sep 12:00

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