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 75% chance of this. We expect NZDUSD to trend downwards 2 hours following the event release at 13 Apr 14:00 if the released value is = 1%. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

26 Jan 15:00

08 Dec 15:00

27 Oct 14:00

08 Sep 14:00

14 Jul 14:00

09 Jun 14:00

10 Mar 15:00

09 Dec 15:00

28 Oct 14:00