Amid the positive Australian data, the AUDUSD inched higher its price on the graph. While continuously in a diminishing state since the last month, it devalues its price day after day.

The technical bias might remain bearish because the last upside price movement of the AUDUSD showed a higher low wave.

Now look to recent updates that push the price up for the last two days.

The first news relates to the Building Permit, which recorded 10.9 percent in December,  compared to 2.9 percent the month before reading. It implies the movement of corporate investment (Australian economic development). Thus heightened permits mean an AUD bullish market.

Today, the Australian Bureau of Statistics released the trade balance for December with the figure of 6.785 M, compared to the month before data of 5.014 M.

The difference in the value of its imports and exports of Australian products is the trade balance. Trade Balance indicates domestic demand, can reflect Australian growth. The trade balance provides an early indication of the net performance of exports.

If steady demand were in exchange for Australian exports, that would transform the trade balance into a positive increase and positive for the AUD.

As of this writing, the AUDUSD pair strengthens around 0.7619. 

On the downside, the price of the AUDUSD might find some sustainability near the listed price tag.

Conclusion

Considering the AUDUSD pair’s macro-economic outlook over the last couple of weeks, selling the AUDUSD at current levels could help traders make some fast profits.