As the Australian economy and dollar prepare for tonight’s 9:30pm EST release of the Trade balance number, the aussie is rallying against the yen, dollar, and loonie today. But each of these pairs are in bearish trends on the daily time frames, with the best clarity on the AUD/CAD and AUD/JPY. The AUD/CAD has already triggered the swing short that I highlighted in the prior update, so that’s a trade that is already moving lower. Past performance is not indicative of future results The 240-minute AUD/CAD has triggered the swing short as prices corrected higher into the swing short zone between the 20 period SMA close ... (full story)