Based on the last 12 Balance of Trade events in United States, we expect a $430 movement on NZDUSD within 2 hours following the event release at 2023-06-07 22:30. We expect NZDUSD to trend downwards 2 hours following the event release at 2023-06-07 22:30 if the released value is > $-75.2B

Historical events that allowed us to draw this conclusion

08 Feb 00:30	06 Jan 00:30
07 Dec 00:30	05 Oct 23:30
04 Aug 22:30

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