We expect NZDUSD to trend downwards today with a 75% chance.

Based on the last 12 RBA Interest Rate Decision events in Australia, we expect NZDUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is = 0.75%

Historical events that allowed us to draw this conclusion

06 Aug 04:30
02 Jul 04:30
07 May 04:30
02 Apr 03:30
05 Mar 03:30
05 Feb 03:30
04 Dec 03:30
02 Oct 04:30
04 Sep 04:30

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

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