Australian Dollar

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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.

[setravis]

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.

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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 

[setravis]

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

[setravis]

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.