Beginning the day in the window of time for a closing price reversal bottom makes yesterday’s close at .6929 the level to watch today. The AUD/USD isn’t close to changing the minor or main trend to up, but due to the prolonged move down in price and time, it is in the window of time for a potentially bullish closing price reversal bottom. We’ll be watching for this today since all the bad news is out this week. The Australian Dollar added to earlier weakness on Wednesday following the release of a disappointing employment report, which increased the chances of a rate cut by the Reserve Bank of Australia (RBA). The ... (full story)