The Aussie December Trade Balance expected to come in down (2,400 M) came in better than expected at -2252M, with a prior month revision slightly lower. The AUD received a quick boost that has since subsided. We have conflicting patterns – descending Wedge and a head and shoulders. The means either a bounce at .8826 area for the H&S or a break and a fall to the HSI S6 area of .9735 for the wedge. Will see
Forex