The Aussie Dollar is again testing support at $1.03 on the weekly chart. Respect would indicate further consolidation — and a test of resistance at $1.06 — while failure would offer a target of parity ($1.00). Reversal of 63-day Twiggs Momentum below zero would favor a downward breakout.
* Target calculation: 1.03 – ( 1.06 – 1.03 ) = 1.00