Attached is a daily chart of the December Aussie Dollar.
We maintain our short bias and will do so until it can
settle above 103.70.
Tomorrow's NFP should be able to provide
a significant push to currency pairs and provide more clarity.
102.60 remains our first objective on the downside.
December euro currency continues to compress
to a tight triangle consolidation pattern and has potential to
break out today or tomorrow.
We will look for a trade above 130.30 or below
128.70 as our signal to jump on the directional move. One thing that is important to remember is that price
action immediately following tomorrow's NFP number may be a bit
unreliable so we will dismiss as noise without further confirmation...good
luck.