Based on the last 12 Balance of Trade events in Australia, we expect a 56 pip movement on NZDUSD within 12 hours following the event release at 01 Apr 11:30 GMT+11. We expect NZDUSD to trend upwards 12 hours following the event release at 01 Apr 11:30 GMT+11 if the released value is > A$9.7B

Historical events that allowed us to draw this conclusion

03 Dec 11:30	05 Nov 11:30
04 Jun 11:30	07 May 11:30
07 Apr 11:30

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