{"id":7736,"date":"2013-05-13T02:05:25","date_gmt":"2013-05-13T06:05:25","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7736"},"modified":"2013-05-13T02:05:25","modified_gmt":"2013-05-13T06:05:25","slug":"forex-aussie-breaks-support-while-yen-soars","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/","title":{"rendered":"Forex: Aussie breaks support while Yen soars"},"content":{"rendered":"<p>The Aussie Dollar broke primary support at $1.015 and is testing parity against the greenback. Parity is not expected to hold and we are likely to see a test of the next major support level at $0.95\/$0.96. Narrow fluctuation of 63-day Twiggs Momentum around zero continues to suggest a ranging market.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Aussie Dollar\/USD\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The euro is retreating, headed for another test of $1.2750. Respect would signal another attempt at $1.37, while failure would indicate a primary down-trend &#8212; testing long-term support at $1.20. The failed advance to $1.50 would be bearish; and breach of $1.20 would offer a target of $1.05*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Euro\/USD\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-05-13-eur.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 1.20 &#8211; ( 1.35 &#8211; 1.20 ) = 1.05<\/p>\n<p>Rapid expansion of the monetary base by the Bank of Japan is fueling inflation fears and weakening the yen. <a title=\"The Market Monetarist\" href=\"http:\/\/marketmonetarist.com\/2013\/05\/10\/the-kuroda-recovery-will-be-about-domestic-demand-and-not-about-exports\/\" target=\"_blank\">Lars Christensen<\/a> points out that, with competitive devaluation from all quarters, exports are not likely to play a major part in a Japanese recovery. What is more likely is a consumption and investment boom as households invest in real assets as a hedge against inflation.<\/p>\n<p>The greenback broke resistance at \u00a5100 against the Japanese Yen &#8212; a one-third appreciation from the lows of 2011\/2012. Expect retracement to test the new support level, but breach of the long-term declining trendline indicates the 30-year secular bear trend is over. Long-term target for the advance is the 2007 high at \u00a5125*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"USD\/JPY\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-05-13-jpy.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 100 &#8211; ( 100 &#8211; 75 ) = 125<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Aussie Dollar broke primary support at $1.015 and is testing parity against the greenback. Parity is not expected to hold and we are likely to see a test of the next major support level at $0.95\/$0.96. Narrow fluctuation of 63-day Twiggs Momentum around zero continues to suggest a ranging market. The euro is retreating, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Aussie breaks support while Yen soars&#8221;<\/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":[40,7,17,33,34],"tags":[287,1292,1618,1935],"class_list":["post-7736","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-forex","category-japan-korea","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-aussie-dollar","tag-euro","tag-greenback","tag-japanese-yen"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Aussie breaks support while Yen soars - 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 breaks support while Yen soars - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Aussie Dollar broke primary support at $1.015 and is testing parity against the greenback. Parity is not expected to hold and we are likely to see a test of the next major support level at $0.95\/$0.96. Narrow fluctuation of 63-day Twiggs Momentum around zero continues to suggest a ranging market. The euro is retreating, &hellip; Continue reading &quot;Forex: Aussie breaks support while Yen soars&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\" \/>\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:published_time\" content=\"2013-05-13T06:05:25+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\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\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Forex: Aussie breaks support while Yen soars\",\"datePublished\":\"2013-05-13T06:05:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\"},\"wordCount\":219,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png\",\"keywords\":[\"Aussie dollar\",\"Euro\",\"greenback\",\"Japanese yen\"],\"articleSection\":[\"Australia &amp; NZ\",\"Forex\",\"Japan &amp; Korea\",\"UK &amp; Europe\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\",\"name\":\"Forex: Aussie breaks support while Yen soars - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png\",\"datePublished\":\"2013-05-13T06:05:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forex: Aussie breaks support while Yen soars\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Forex: Aussie breaks support while Yen soars - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Forex: Aussie breaks support while Yen soars - the patient investor","og_description":"The Aussie Dollar broke primary support at $1.015 and is testing parity against the greenback. Parity is not expected to hold and we are likely to see a test of the next major support level at $0.95\/$0.96. Narrow fluctuation of 63-day Twiggs Momentum around zero continues to suggest a ranging market. The euro is retreating, &hellip; Continue reading \"Forex: Aussie breaks support while Yen soars\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2013-05-13T06:05:25+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Forex: Aussie breaks support while Yen soars","datePublished":"2013-05-13T06:05:25+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/"},"wordCount":219,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png","keywords":["Aussie dollar","Euro","greenback","Japanese yen"],"articleSection":["Australia &amp; NZ","Forex","Japan &amp; Korea","UK &amp; Europe","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/","name":"Forex: Aussie breaks support while Yen soars - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png","datePublished":"2013-05-13T06:05:25+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-05-13-aud.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/13\/forex-aussie-breaks-support-while-yen-soars\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Forex: Aussie breaks support while Yen soars"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-20M","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":8675,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/24\/forex-euro-breakout-aussie-strengthens\/","url_meta":{"origin":7736,"position":0},"title":"Forex: Euro breakout, Aussie strengthens","author":"ColinTwiggs","date":"October 24, 2013","format":false,"excerpt":"The Euro broke through its February high of $1.37, signaling a long-term advance to $1.46*. Troughs above zero on 13-week Twiggs Momentum indicate a healthy up-trend, but expect retracement to test the new support level. Reversal below support at $1.34 is unlikely, but would warn of another correction. * Target\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7361,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/28\/forex-euro-correction-while-aussie-retraces\/","url_meta":{"origin":7736,"position":1},"title":"Forex: Euro correction while Aussie retraces","author":"ColinTwiggs","date":"March 28, 2013","format":false,"excerpt":"The euro is headed for a test of primary support at $1.26 on the monthly chart. Respect would confirm the primary up-trend, while failure would signal a down-swing to $1.20. * Target calculation: 1.35 + ( 1.35 - 1.20 ) = 1.50 Pound sterling is testing the new medium-term resistance\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7816,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/30\/forex-aussie-yen-and-euro-find-support\/","url_meta":{"origin":7736,"position":2},"title":"Forex: Aussie, Yen and Euro find support","author":"ColinTwiggs","date":"May 30, 2013","format":false,"excerpt":"The Aussie Dollar broke support at $0.96 against the greenback before retracing, the long tail indicating buying pressure. Expect a weak bear rally to test resistance at parity before another decline breaches primary support, offering a target of $0.90*. * Target calculation: 0.96 - ( 1.02 - 0.96 ) =\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"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":7736,"position":3},"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":[]},{"id":5356,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/30\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-3\/","url_meta":{"origin":7736,"position":4},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"August 30, 2012","format":false,"excerpt":"A monthly chart shows the euro testing long-term support at $1.20 against the greenback. Recovery above the steeply descending trendline would indicate another test of the upper triangle border, while failure of support would indicate long-term re-alignment. Indications, from president Mario Draghi, that the ECB will further expand its balance\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":8594,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/10\/forex-euro-aussie-up-trend\/","url_meta":{"origin":7736,"position":5},"title":"Forex: Euro, Aussie up-trend","author":"ColinTwiggs","date":"October 10, 2013","format":false,"excerpt":"The Euro continues to test its new support level at $1.34\/$1.3450. Respect is likely and would signal a test of the February high at $1.37. Breakout above $1.37 would offer a long-term target of $1.47*. A trough above zero on 13-week Twiggs Momentum indicates a healthy up-trend. Failure of support\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7736","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=7736"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7736\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}