Based on the last 12 Balance of Trade events in Australia, we expect a $780 movement on NZDUSD within 48 hours following the event release at 04 Nov 11:30. We expect NZDUSD to trend downwards 48 hours following the event release at 04 Nov 11:30 if the released value is > A$12.2B

Historical events that allowed us to draw this conclusion

05 Oct 11:30	05 Aug 11:30
03 Jun 11:30	04 Mar 11:30
04 Feb 11:30	03 Dec 11:30

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