Australian Dollar

[setravis]

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.

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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

[setravis]

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