Update for Our Aussie Dollar Position
Attached is a 40 day chart of December Aussie Dollar.
On Thursday, we initiated a short bias at 103.06. Compromise on the "Fiscal Cliff" issue has outweighed Middle East tensions and opened the door to "risk on." This has provided a tailwind to the Aussie Dollar. If ADZ2 settles above 103.70, we will abandon our short bias.