thrashed thursday night

after a big range day yesterday the aud/usd looks to have had an inside day today .. so far .. which may be a precursor to more volatility one way or the other. There is bearish divergence on the rsi at the recent highs. The usd index is at technical bounce levels.

Economic data tonight is mainly the weekly unemployment figure in usa, which has shown typically softening employment over the past few months.

So, usd may bounce on technicals, or from better than expected unemployment data, or may not bounce at all.. its just that conditions are ripe for a bounce. And I been waiting for that ripe apple to fall off the tree for months..

Continued usd falls from here, with the attendant oil and commodity rises in the usa, will signal further severe economic dislocation in usa ...