{"id":10264,"date":"2014-07-09T23:40:58","date_gmt":"2014-07-10T03:40:58","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=10264"},"modified":"2014-07-09T23:40:58","modified_gmt":"2014-07-10T03:40:58","slug":"aussie-dollar-should-rba-lean-against-the-wind","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/09\/aussie-dollar-should-rba-lean-against-the-wind\/","title":{"rendered":"Aussie Dollar: Should RBA ‘lean against the wind’?"},"content":{"rendered":"

The Euro rallied to resistance at $1.37 after testing primary support at $1.35 and the rising long-term trendline. Recovery above $1.37 would suggest a rally to $1.39\/$1.40, but descending 13-week Twiggs Momentum remains below zero, warning of weakness. Breach of $1.35 is equally likely and would signal a decline to $1.31*.<\/p>\n

\"Euro\/USD\"<\/p>\n

\n* Target calculation: 1.35 – ( 1.39 – 1.35 ) = 1.31<\/p>\n

The Aussie Dollar is again testing resistance at $0.94. 13-Week Twiggs Momentum holding above zero suggests continuation of the up-trend. Follow-through above $0.95 would suggest a target of $0.97. Reversal below $0.92 is unlikely at present, but would warn of a decline to the band of support between $0.87 and $0.89.<\/p>\n

\"Aussie<\/p>\n

A monthly chart of the Euro against the Swiss Franc shows how the Swiss central bank intervened in 2011 to prevent further appreciation against the Euro and protect local industry. The Australian central bank faced a similar challenge in 2011, but from a different cause, with the Aussie Dollar rising strongly against the greenback on the back of a mining investment boom. The RBA sat on its hands and failed to “lean against the wind” as called for by Prof Warwick McKibbin<\/a>. Local industry has suffered irreparable damage in the ensuing period.<\/p>\n

\"Aussie<\/p>\n","protected":false},"excerpt":{"rendered":"

The Euro rallied to resistance at $1.37 after testing primary support at $1.35 and the rising long-term trendline. Recovery above $1.37 would suggest a rally to $1.39\/$1.40, but descending 13-week Twiggs Momentum remains below zero, warning of weakness. Breach of $1.35 is equally likely and would signal a decline to $1.31*. * Target calculation: 1.35 … <\/p>\n

Continue reading “Aussie Dollar: Should RBA ‘lean against the wind’?”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,7,33,34],"tags":[292,1292,3313],"class_list":["post-10264","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-forex","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-australian-dollar","tag-euro","tag-swiss-franc"],"yoast_head":"\nAussie Dollar: Should RBA 'lean against the wind'? - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aussie Dollar: Should RBA 'lean against the wind'? - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Euro rallied to resistance at $1.37 after testing primary support at $1.35 and the rising long-term trendline. Recovery above $1.37 would suggest a rally to $1.39\/$1.40, but descending 13-week Twiggs Momentum remains below zero, warning of weakness. 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Recovery of 13-week Twiggs Momentum above zero suggests continuation of the up-trend, testing resistance at $0.97. Reversal below $0.92 is unlikely at present, but would warn of a decline to the band of support between $0.87 and $0.89. The Euro respected\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7524,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/21\/forex-euro-finds-support-while-sterling-aussie-and-loonie-fall\/","url_meta":{"origin":10264,"position":1},"title":"Forex: Euro finds support while Sterling, Aussie and Loonie fall","author":"ColinTwiggs","date":"April 21, 2013","format":false,"excerpt":"The euro respected primary support at $1.26 on the monthly chart. Follow-through above $1.32 would indicate another test of $1.37, while breakout above $1.37 would signal a primary advance to $1.50. A trough above zero on 13-week Twiggs Momentum would reinforce this. Reversal below $1.26, however, would signal a down-swing\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10854,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/10\/aussie-dollar-yen-break-support\/","url_meta":{"origin":10264,"position":2},"title":"Aussie Dollar & Yen break support","author":"ColinTwiggs","date":"September 10, 2014","format":false,"excerpt":"Dollar strength is affecting not only gold and commodities, but even the strongest of the currency crosses. The Aussie Dollar broke support at $0.92 against the greenback, warning of a correction. Expect support at $0.89. Reversal of 13-week Twiggs Momentum below zero, however, suggests a primary down-trend \u2014 confirmed if\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Aussie Dollar","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-10-aud.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-10-aud.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-10-aud.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8827,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/04\/forex-dollar-and-sterling-strengthen\/","url_meta":{"origin":10264,"position":3},"title":"Forex: Dollar and Sterling strengthen","author":"ColinTwiggs","date":"December 4, 2013","format":false,"excerpt":"The Euro is rallying for another test of resistance at $1.37 after finding support at $1.3350 against the greenback. Troughs above zero on 13-week Twiggs Momentum suggest a healthy up-trend. Breakout above $1.37 would signal an advance to $1.40*. Respect of resistance, indicated by reversal below the secondary rising trendline,\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8776,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/21\/stronger-dollar-drives-euro-aussie-lower\/","url_meta":{"origin":10264,"position":4},"title":"Stronger dollar drives Euro & Aussie lower","author":"ColinTwiggs","date":"November 21, 2013","format":false,"excerpt":"The Euro continues to test support at $1.3350 against the greenback after a false break above the February high of $1.37. Breach of support would warn of a bull trap, and follow-through below $1.31 and the rising trendline would signal a reversal. 13-Week Twiggs Momentum, however, continues to indicate a\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8732,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/13\/aussie-dollar-tests-support-2\/","url_meta":{"origin":10264,"position":5},"title":"Aussie Dollar tests support","author":"ColinTwiggs","date":"November 13, 2013","format":false,"excerpt":"The Euro is testing support at $1.3350 against the greenback after a false break above the February high of $1.37. Penetration of the secondary trendline warns of a correction. Rising 13-week Twiggs Momentum, however, continues to indicate a primary up-trend. Breach of $1.3350 would test primary support and the long-term\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=10264"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10264\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=10264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=10264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=10264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}