Based on the last 12 BoC Interest Rate Decision events in Canada, we expect NZDUSD to trend downwards later today. Based on these past events there is a 70% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-03-08 15:00 if the released value is = 4.5%. A price movement of 47 pips is expected.
Historical events that allowed us to draw this conclusion
25 Jan 15:00 |
07 Dec 15:00 |
01 Jun 14:00 |
26 Jan 15:00 |
08 Dec 15:00 |
27 Oct 14:00 |
08 Sep 14:00 |
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