Based on the last 12 Balance of Trade events in United Kingdom, we expect a $600 movement on NZDUSD within 12 hours following the event release at 11 Nov 18:00. We expect NZDUSD to trend upwards 12 hours following the event release at 11 Nov 18:00 if the released value is < £-3.4B Historical events that allowed us to draw this conclusion

13 Oct 17:00	10 Sep 16:00
13 Apr 16:00	12 Feb 18:00
10 Dec 18:00

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