We expect a $790 movement on NZDUSD within 48 hours following the release of Balance of Trade at 09 Feb 18:00. We expect NZDUSD to trend downwards 48 hours following the event release at 09 Feb 18:00 if the released value is < €16.2B. A price movement of 79 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 18:00	08 Sep 16:00
09 Jul 16:00	09 Jun 16:00

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