Based on the last 12 Balance of Trade events in Australia, we expect a 31 pip movement on EURUSD for the next 4 hours. We expect EURUSD to trend downwards for 4 hours because the released value is > A$7.5B

Historical events that allowed us to draw this conclusion

07 May 11:30	07 Nov 11:30
06 Aug 11:30	03 Jul 11:30

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