Australian Dollar...
The Aussie dollar is testing short-term support around $0.88/$0.8750. Reversal below the rising trendline would warn that the advance is weakening. 63-day Twiggs Momentum oscillating around the zero line indicates hesitancy. In the long term, breakout above $0.9350 would offer a target of parity, while reversal below $0.87 would test primary support at $0.81.
calculation: 0.93 + ( 0.93 - 0.81 ) = 1.05
Australian Dollar...
The Aussie dollar respected its rising trendline and is advancing to test resistance at $0.9350. Rising 63-day Twiggs Momentum above the zero line suggests continuation of the advance. In the long term, breakout above $0.9350 would offer a target of parity, while reversal below $0.88 would test primary support at $0.81.
Target calculation: 0.93 + ( 0.93 - 0.81 ) = 1.05
Australian Dollar...
The Aussie dollar is advancing to test resistance at $0.9350. Retreat of 63-day Twiggs Momentum below its rising trendline, however, would warn that the advance is weakening. Reversal below $0.88 would signal another test of primary support at $0.81. Breakout above strong resistance at $0.9350 appears less likely, but would offer a target of parity if confirmed.
Target calculation: 0.93 + ( 0.93 - 0.81 ) = 1.05
Australian Dollar...
The Aussie dollar found resistance at $0.94 and is retracing to test short-term support at $0.92. Bearish divergence on 21-day Twiggs Momentum warns of a secondary correction. Reversal below the rising trendline would warn of another test of primary support at $0.81. Breakout above $0.94 would offer a target of parity — if confirmed.
Target calculation: 0.93 + ( 0.93 - 0.81 ) = 1.05
Australian Dollar...
The Aussie dollar broke resistance at $0.94 and is headed for a test of the 2008 high at $0.98. Expect retracement to test the new support level, but respect is likely to confirm the advance.
Target calculation: 0.93 + ( 0.93 - 0.81 ) = 1.05
Australian Dollar...
The Aussie dollar is headed for a test of the 2008 high at $0.98. Reversal of Twiggs Momentum (21-day) below its rising trendline would signal retracement to test the new support level at $0.94. But failure is unlikely, and respect would signal an advance to $1.02*.
Target calculation: 0.98 + ( 0.98 - 0.94 ) = 1.02
Australian Dollar...
The Aussie dollar is testing parity against the greenback. Expect resistance at the key psychological level of $1.00, but expectations are ratcheting upwards, based on recent strength, and targets as high as $1.05* are doing the rounds. Many Australians, I suspect, are planning overseas holidays to take advantage of their increased spending power. My advice would be to book soon. The currency is over-valued — and experience should teach us that the euphoria seldom lasts long. Reversal of Twiggs Momentum (21-day) below its rising trendline would warn of a correction.
Australian Dollar...
The Aussie dollar is testing short-term support at $0.965. Failure would signal a correction to $0.935. Twiggs Momentum (21-day), however, indicates a strong up-trend, and recovery above the declining trendline would signal another test of parity.
Australian Dollar...
The Aussie dollar respected short-term support at $0.97, breaking through parity to register a new high of $1.005. Twiggs Momentum (21-day) penetrated the declining trendline, indicating another rally. Target for the breakout is $1.030.
* Target calculation: 1.00 + ( 1.00 - 0.97 ) = 1.03
Australian Dollar...
The Aussie dollar is testing its new support level at $1.00. Recovery above $1.02 would offer a short-term target of $1.04*. Bearish divergence on Twiggs Momentum (21-day) warns of profit-taking. Failure of support would suggest another test of $0.9650, but the primary trend remains upward.
* Target calculation: 1.02 + ( 1.02 - 1.00 ) = 1.04
Australian Dollar...
The Aussie dollar penetrated its rising trendline and bearish divergence on Twiggs Momentum warns of a reversal. Failure of support at $0.96 would signal a decline to $0.90*. Breakout above $1.02 is now unlikely, but would offer a target of $1.08.
* Target calculation: 0.96 - ( 1.02 - 0.96 ) = 0.90
Australian Dollar...
The Aussie dollar is testing resistance at $1.00, the tall shadow on Wednesday's candle indicating selling pressure. Bearish divergence on Twiggs Momentum also warns of a reversal. In the short term, breakout above $1.00 would test $1.02, while reversal below $0.98 would test $0.96. In the long term, failure of support at $0.96 would signal a decline to $0.90*; breakout above $1.02 would offer a target of $1.08*. The current trend favors continuation of the advance.
* Target calculation: 0.96 - ( 1.02 - 0.96 ) = 0.90; 1.02 + ( 1.02 - 0.96 ) = 1.08
Australian Dollar...
The little battler continues to test resistance at $1.00. Breakout would signal another test of $1.02 and form a large bullish ascending triangle; while reversal below $0.98 would test $0.96. Bearish divergence on Twiggs Momentum continues to warn of reversal, but breakout above the declining trendline would negate this. In the long term, failure of support at $0.96 would signal a decline to $0.90*; and breakout above $1.02 would offer a target of $1.08*.
Target calculation: 0.96 - ( 1.02 - 0.96 ) = 0.90; 1.02 + ( 1.02 - 0.96 ) = 1.08
Australian Dollar...
Commodities rise leads Aussie dollar higher
The Aussie dollar displays a higher trough against the greenback, forming a large bullish ascending triangle. Breakout above $1.02 would offer a target of $1.08*. Twiggs Momentum has respected the zero line; recovery above the descending trendline would indicate a fresh advance.
* Target calculation: 1.02 + ( 1.02 - 0.96 ) = 1.08
Commodities rise leads Aussie dollar higher...
The long-term picture however, reveals weakness, with a bearish divergence on Twiggs Money Flow. Reversal below $0.98 would strengthen the warning.
Commodities rise leads Aussie dollar higher...
The little battler has been closely shadowing the CRB Commodities index since late 1998, but $CRB is now surging ahead. Expect the Aussie to follow. We can also see the influence of China on the two, with the Shanghai Composite leading by several months. Where Shanghai goes, expect the $CRB and AUD to follow.
Australian Dollar...
Australian dollar encounters selling pressure
The Aussie dollar is testing resistance at $1.02 against the greenback, forming a large bullish ascending triangle. A sharp dip below zero on Twiggs Money Flow (21-day), however, warns of selling pressure. Breakout above $1.02 would offer a target of $1.08*, but reversal below parity would test primary support at $0.96.
* Target calculation: 1.02 + ( 1.02 - 0.96 ) = 1.08
Australian Dollar...
The Aussie dollar found support at parity against the greenback. The large ascending triangle is a bullish sign. Breakout above resistance at $1.02 would offer a target of $1.08*.
Target calculation: 1.02 + ( 1.02 - 0.96 ) = 1.08
Australian Dollar...
The Aussie dollar is again testing support at parity against the greenback. The large ascending triangle is a bullish sign and a rising CRB Commodities index strengthens the signal. Breakout above resistance at $1.02 would offer a target of $1.08*.
* Target calculation: 1.02 + ( 1.02 - 0.96 ) = 1.08
Australian Dollar...
The Aussie dollar is headed for another test of medium-term support at $1.00 against the greenback. Bearish divergence on Twiggs Money Flow warns of further profit-taking, but rising commodity prices suggest that the primary up-trend will continue. Breakout above $1.02 would offer a target of $1.08*.
* Target calculation: 1.02 + ( 1.02 - 0.96 ) = 1.08
Australian Dollar...
The Aussie dollar rallied off support at $0.98 against the greenback, headed for $1.02. Commodity prices are recovering, but expect tough resistance (at $1.02). Breakout would offer a target of $1.06*, while respect would suggest another test of $0.98. Failure of support at $0.96 is unlikely, but would signal a primary down-trend.
* Target calculation: 1.02 + ( 1.02 - 0.98 ) = 1.06
Aussie breakout while gold stalls
Australian Dollar...
The Aussie dollar broke through resistance at $1.02, signaling an advance to $1.06*. Retracement is likely to test the new support level.
* Target calculation: 1.02 + ( 1.02 - 0.98 ) = 1.06