{"id":3918,"date":"2012-03-22T04:57:27","date_gmt":"2012-03-22T08:57:27","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3918"},"modified":"2012-03-22T04:57:27","modified_gmt":"2012-03-22T08:57:27","slug":"forex-aussie-dollar-loonie-and-rand","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/forex-aussie-dollar-loonie-and-rand\/","title":{"rendered":"Forex: Aussie, Loonie, Rand"},"content":{"rendered":"<p>Canada&#8217;s Loonie, buoyed by rising oil prices, is testing resistance at $1.01\/$1.015. Narrow consolidation suggests an upward breakout and advance to the 2011 high of $1.06*. 63-Day Twiggs Momentum above zero also indicates a primary advance.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-22-cad.png?w=525&#038;ssl=1\" alt=\"Canadian Dollar\/USD\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1.01 + ( 1.00 &#8211; 0.95 ) = 1.06<\/span><\/p>\n<p>The Australian Dollar, dragged lower by weaker commodity prices, is testing medium-term support at $1.04 on the Weekly chart. Respect of the rising trendline is more likely and would indicate a breakout above the ascending triangle at $1.08.&nbsp; Long-term target for an advance would be $1.20 but that seems unachievable in the near-term. Breach of the rising trendline is less likely, but would warn of a correction back to $0.96; and reversal of 63-day Twiggs Momentum below zero would indicate a primary down-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-22-aud.png?w=525&#038;ssl=1\" alt=\"Australian Dollar\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1.08 + ( 1.08 &#8211; 0.96 ) = 1.20<\/span><\/p>\n<p>The Aussie Dollar breached support against the South African Rand at R8.00 on the Daily chart. Follow-through below R7.90 would confirm a correction to $7.60*. Breach of the long-term rising trendline, however, would warn of a primary down-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-03-22-zar.png?w=525&#038;ssl=1\" alt=\"AUD\/South African Rand\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 8.05 &#8211; ( 8.45 &#8211; 8.05 ) = 7.60<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#8217;s Loonie, buoyed by rising oil prices, is testing resistance at $1.01\/$1.015. Narrow consolidation suggests an upward breakout and advance to the 2011 high of $1.06*. 63-Day Twiggs Momentum above zero also indicates a primary advance. * Target calculation: 1.01 + ( 1.00 &#8211; 0.95 ) = 1.06 The Australian Dollar, dragged lower by weaker &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/forex-aussie-dollar-loonie-and-rand\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Aussie, Loonie, Rand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"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":[38,40,7,34],"tags":[292,558,3184],"class_list":["post-3918","post","type-post","status-publish","format-standard","hentry","category-africa-south-america","category-australia-nz-countries-regions","category-forex","category-us-canada-countries-regions","tag-australian-dollar","tag-canadian-dollar","tag-south-african-rand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Aussie, Loonie, Rand - 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=\"Forex: Aussie, Loonie, Rand - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Canada&#8217;s Loonie, buoyed by rising oil prices, is testing resistance at $1.01\/$1.015. Narrow consolidation suggests an upward breakout and advance to the 2011 high of $1.06*. 63-Day Twiggs Momentum above zero also indicates a primary advance. * Target calculation: 1.01 + ( 1.00 &#8211; 0.95 ) = 1.06 The Australian Dollar, dragged lower by weaker &hellip; Continue reading &quot;Forex: Aussie, Loonie, Rand&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/forex-aussie-dollar-loonie-and-rand\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-22T08:57:27+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-03-22-cad.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/22\\\/forex-aussie-dollar-loonie-and-rand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/22\\\/forex-aussie-dollar-loonie-and-rand\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Forex: Aussie, Loonie, Rand\",\"datePublished\":\"2012-03-22T08:57:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/22\\\/forex-aussie-dollar-loonie-and-rand\\\/\"},\"wordCount\":164,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/03\\\/22\\\/forex-aussie-dollar-loonie-and-rand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-03-22-cad.png\",\"keywords\":[\"Australian Dollar\",\"Canadian Dollar\",\"South African Rand\"],\"articleSection\":[\"Africa &amp; 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-11c","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":4125,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/19\/forex-canadian-loonie-and-aussie-dollar-2\/","url_meta":{"origin":3918,"position":0},"title":"Forex: Canadian Loonie and Aussie Dollar","author":"Colin Twiggs","date":"April 19, 2012","format":false,"excerpt":"Canada's Loonie continues its narrow consolidation, having withstood falling crude oil prices over the last two weeks. 63-Day Twiggs Momentum holding above zero indicates a primary up-trend. Breakout above $1.01\u00a0would signal a primary advance to the 2011 high of $1.06*. Failure of support at $0.995 is less likely but would\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3990,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/forex-cad-aud-zar\/","url_meta":{"origin":3918,"position":1},"title":"Forex: CAD, AUD, ZAR","author":"Colin Twiggs","date":"March 29, 2012","format":false,"excerpt":"Canada's Loonie continues a narrow consolidation below $1.01, suggesting an upward breakout in response to higher oil prices. Recovery of 63-day Twiggs Momentum above zero indicates a primary advance. Target for the advance would be the 2011 high of $1.06. Breach of the rising trendline is unlikely, but would warn\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3676,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/01\/forex-aussie-dollar-canadian-loonie-and-south-african-rand\/","url_meta":{"origin":3918,"position":2},"title":"Forex: Aussie Dollar, Canadian Loonie and South African Rand","author":"ColinTwiggs","date":"March 1, 2012","format":false,"excerpt":"The Aussie and Canadian Dollar mirror the CRB Commodities Index, testing resistance at their long-term highs. The Aussie encountered resistance at $1.08. Breakout would confirm a primary up-trend -- already signaled by 63-day Twiggs Momentum above zero. * Target calculation: 1.08 + ( 1.08 - 0.96 ) = 1.20 Canada's\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4320,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/09\/forex-australia-canada-and-south-africa-3\/","url_meta":{"origin":3918,"position":3},"title":"Forex: Australia, Canada and South Africa","author":"Colin Twiggs","date":"May 9, 2012","format":false,"excerpt":"Weakening commodity prices are dragging the Australian Dollar lower against the greenback. Breach of support at $1.02 indicates another test of primary support at $0.96. Reversal of 63-day Twiggs Momentum below zero already warns of a primary down-trend. Failure of primary support at $0.96 would confirm, offering a long-term target\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3818,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/15\/forex-australia-canada-and-south-africa\/","url_meta":{"origin":3918,"position":4},"title":"Forex: Australia, Canada and South Africa","author":"ColinTwiggs","date":"March 15, 2012","format":false,"excerpt":"A stronger greenback and weaker commodity prices are likely to depress resource-rich currencies. Canada's Loonie stood up surprisingly well, mainly because of rising crude oil prices. 63-Day Twiggs Momentum recovered above zero, indicating a primary up-trend. Breakout above $1.01 would strengthen the signal, offering a target of the 2011 high\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3454,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/09\/forex-euro-weak-while-aussie-dollar-strengthens\/","url_meta":{"origin":3918,"position":5},"title":"Forex: Euro weak while Aussie strengthens","author":"ColinTwiggs","date":"February 9, 2012","format":false,"excerpt":"The euro is testing resistance around $1.32 but the primary down-trend is strong. With 63-day Twiggs Momentum deep below zero, expect another test of primary support at $1.26. Breakout remains likely and would offer a target of $1.20*. * Target calculation: 1.26 - ( 1.32 - 1.26 ) = 1.20\u2026","rel":"","context":"In &quot;Forex&quot;","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\/3918","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3918"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3918\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}