Between November 29 and December 2, 2014, Guests will be assigned one of two viewing locations when making a Magic Kingdom parade FastPass+ selection. One of the locations is the Central Plaza viewing area, found in front of Cinderella Castle (this is a regular FastPass+ area); the second locations is the temporary Town Square viewing area, found near the flagpole. This update applies to both the daytime and nighttime parade.
Here is a map showing both locations (remember that the Town Square viewing area is temporary):
Guests should visit "My Plans" in My Disney Experience to see which viewing area they've been assigned.