preference: Short positions below 81.4 with targets @ 80.65 & 80.25 in extension.
Alternative scenario: Above 81.4 look for further upside with 82 & 82.4 as targets.
Comment: the pair stands below its resistance and remains under pressure.
Alternative scenario: Above 81.4 look for further upside with 82 & 82.4 as targets.
Comment: the pair stands below its resistance and remains under pressure.
Trade Balance
This report measures the difference between imported and exported goods and services. A positive number indicates the country is exporting more goods than it is importing. A country with a growing positive trade balance may see their currency strengthen as a result.
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